Fiserv, Inc. (NYSE:FI) Shares Sold by Geller Advisors LLC

Geller Advisors LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,610 shares of the business services provider’s stock after selling 72 shares during the period. Geller Advisors LLC’s holdings in Fiserv were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FI. Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the fourth quarter valued at about $31,000. Campbell Capital Management Inc. purchased a new position in Fiserv during the fourth quarter worth about $37,000. Finally, Quarry LP increased its position in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the 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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is owned by insiders.

Fiserv Trading Up 1.5 %

Shares of FI opened at $184.09 on Friday. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. 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 capitalization of $102.07 billion, a P/E ratio of 34.15, a PEG ratio of 1.52 and a beta of 0.97. The firm’s 50-day moving average is $206.23 and its two-hundred day moving average is $211.04.

Fiserv (NYSE:FI) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 EPS. On average, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has initiated a stock buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FI has been the subject of several research reports. StockNews.com began coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a “buy” rating for the company. Redburn Atlantic reissued a “sell” rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Citigroup cut their price target on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Finally, Barclays dropped their price target on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $230.00.

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.