FineMark National Bank & Trust Raises Position in Fiserv, Inc. (NYSE:FI)

FineMark National Bank & Trust raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,637 shares of the business services provider’s stock after buying an additional 1,166 shares during the period. FineMark National Bank & Trust’s holdings in Fiserv were worth $17,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares during the period. Sanders Capital LLC purchased a new position in shares of Fiserv in the third quarter valued at about $764,543,000. Bank of New York Mellon Corp raised its stake in shares of Fiserv by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock valued at $762,328,000 after acquiring an additional 164,949 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Fiserv by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock valued at $743,782,000 after acquiring an additional 90,475 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth about $614,982,000. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 1.7 %

NYSE FI opened at $221.90 on Tuesday. The stock’s fifty day moving average price is $220.87 and its 200-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 stock has a market cap of $124.55 billion, a P/E ratio of 41.17, 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 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%. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has approved a share repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Fiserv 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 approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. KeyCorp boosted their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays raised their price target on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Stephens boosted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.83.

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.