Congress Wealth Management LLC DE Buys 235 Shares of Fiserv, Inc. (NYSE:FI)

Congress Wealth Management LLC DE grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,706 shares of the business services provider’s stock after acquiring an additional 235 shares during the period. Congress Wealth Management LLC DE’s holdings in Fiserv were worth $761,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FI. Valley National Advisers Inc. bought a new stake in Fiserv during the 4th quarter valued at $29,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the fourth quarter valued at about $31,000. Campbell Capital Management Inc. purchased a new stake in Fiserv in the fourth quarter worth about $37,000. Finally, Knuff & Co LLC bought a new position in Fiserv during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 1.1 %

Fiserv stock opened at $219.32 on Friday. The business’s 50-day simple moving average is $221.85 and its two-hundred day simple moving average is $207.36. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a market cap of $123.10 billion, a PE ratio of 40.69, a PEG ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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

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 value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of several recent research reports. BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com started coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. Stephens increased their target price on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price target on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Oppenheimer upped their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv presently has an average rating of “Buy” and an average price target of $242.32.

Fiserv 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.