Maia Wealth LLC Increases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Maia Wealth LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 11.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,392 shares of the business services provider’s stock after purchasing an additional 735 shares during the quarter. Maia Wealth LLC’s holdings in Fiserv were worth $1,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FI. Hickory Point Bank & Trust purchased a new stake in Fiserv during the fourth quarter valued at approximately $398,000. Purkiss Capital Advisors LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $1,462,000. Jacobi Capital Management LLC increased its stake in shares of Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after purchasing an additional 44 shares in the last quarter. Metis Global Partners LLC raised its holdings in Fiserv by 2.4% in the 4th quarter. Metis Global Partners LLC now owns 23,253 shares of the business services provider’s stock worth $4,777,000 after purchasing an additional 555 shares during the period. Finally, Williamson Legacy Group LLC lifted its position in Fiserv by 2.7% during the fourth quarter. Williamson Legacy Group LLC now owns 6,020 shares of the business services provider’s stock valued at $1,237,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on FI shares. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Susquehanna raised their target price on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. Wells Fargo & Company upped their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. KeyCorp raised their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup lifted their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Fiserv Trading Up 1.8 %

FI opened at $235.67 on Friday. The stock has a 50-day moving average of $216.68 and a 200 day moving average of $201.08. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.99. The firm has a market cap of $132.28 billion, a P/E ratio of 43.72, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has initiated a share buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.75% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.