RWA Wealth Partners LLC Has $668,000 Holdings in Fiserv, Inc. (NYSE:FI)

RWA Wealth Partners LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,251 shares of the business services provider’s stock after purchasing an additional 391 shares during the period. RWA Wealth Partners LLC’s holdings in Fiserv were worth $668,000 as of its most recent SEC filing.

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

Fiserv Trading Up 0.5 %

Shares of FI opened at $221.98 on Wednesday. The stock’s 50-day moving average price is $222.51 and its 200 day moving average price is $208.84. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $124.59 billion, a price-to-earnings ratio of 41.18, a P/E/G ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 return on equity of 17.93% and a net margin of 15.31%. As a group, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has approved a share repurchase program 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 programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently weighed in on FI. 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. BMO Capital Markets lifted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group increased their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Stephens increased their price objective on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $242.32.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were 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 directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.