Unique Wealth Strategies LLC Invests $832,000 in Fiserv, Inc. (NYSE:FI)

Unique Wealth Strategies LLC acquired a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,264 shares of the business services provider’s stock, valued at approximately $832,000.

Several other hedge funds have also recently bought and sold shares of the business. Provident Trust Co. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $138,109,000. Consolidated Planning Corp bought a new position in Fiserv in the 4th quarter worth $2,354,000. Russell Investments Group Ltd. acquired a new position in Fiserv during the 4th quarter worth $24,242,000. Addison Advisors LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $1,115,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of Fiserv in the fourth quarter worth about $369,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI traded up $2.60 on Friday, hitting $155.89. The stock had a trading volume of 3,196,489 shares, compared to its average volume of 2,315,910. The firm’s 50 day moving average price is $152.54 and its 200-day moving average price is $137.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a market capitalization of $91.21 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. On average, equities research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FI has been the subject of several recent analyst reports. Morgan Stanley increased their target price on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a research report on Thursday, January 11th. Robert W. Baird upped their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday. Evercore ISI restated an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Finally, StockNews.com initiated coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating for the company. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average 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.