CoreFirst Bank & Trust Invests $1.32 Million in Fiserv, Inc. (NYSE:FI)

CoreFirst Bank & Trust acquired a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,400 shares of the business services provider’s stock, valued at approximately $1,315,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new position in Fiserv during the 4th quarter worth approximately $29,000. Marshall Investment Management LLC acquired a new position in Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc acquired a new position in Fiserv during the fourth quarter worth $31,000. Campbell Capital Management Inc. purchased a new position in Fiserv in the fourth quarter worth $37,000. Finally, Knuff & Co LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $45,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FI. Keefe, Bruyette & Woods raised their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Oppenheimer upped their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Susquehanna lifted their price target on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Stock Up 1.7 %

Shares of NYSE:FI opened at $221.90 on Tuesday. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The stock’s 50-day moving average price is $220.87 and its two-hundred day moving average price is $206.81. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm has a market cap of $124.55 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 1.52 and a beta of 0.93.

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

Fiserv declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Fiserv Company Profile

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.