Unique Wealth Strategies LLC Acquires Shares of 6,264 Fiserv, Inc. (NYSE:FI)

Unique Wealth Strategies LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,264 shares of the business services provider’s stock, valued at approximately $832,000.

A number of other large investors have also added to or reduced their stakes in FI. DAVENPORT & Co LLC lifted its position in Fiserv by 18.0% during the third quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock worth $1,483,000 after acquiring an additional 2,002 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Fiserv by 22.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,189 shares of the business services provider’s stock valued at $1,151,000 after purchasing an additional 1,859 shares during the period. Private Trust Co. NA grew its holdings in Fiserv by 60.4% in the 3rd quarter. Private Trust Co. NA now owns 2,180 shares of the business services provider’s stock valued at $246,000 after buying an additional 821 shares in the last quarter. UMB Bank n.a. increased its position in Fiserv by 1.0% during the 3rd quarter. UMB Bank n.a. now owns 15,425 shares of the business services provider’s stock worth $1,742,000 after buying an additional 147 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Fiserv by 14.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,660 shares of the business services provider’s stock worth $526,000 after buying an additional 578 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last ninety days. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

FI stock traded up $2.60 during midday trading on Friday, reaching $155.89. 3,196,489 shares of the stock were exchanged, compared to its average volume of 2,315,910. The company has a fifty day moving average price of $152.54 and a 200 day moving average price of $137.74. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The stock has a market capitalization of $91.21 billion, a PE ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.58 EPS. As a group, analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FI shares. Jefferies Financial Group upped their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. B. Riley raised their target price on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens reiterated an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a research note on Wednesday. Mizuho reissued a “buy” rating and set a $156.00 price target on shares of Fiserv in a research report on Wednesday, March 27th. Finally, KeyCorp lifted their price objective on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $164.33.

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.