Sendero Wealth Management LLC Has $6.01 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Sendero Wealth Management LLC decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 31.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,206 shares of the business services provider's stock after selling 12,434 shares during the period. Sendero Wealth Management LLC's holdings in Fiserv were worth $6,008,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC boosted its stake in shares of Fiserv by 0.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after buying an additional 75 shares during the period. Brighton Jones LLC increased its holdings in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after buying an additional 2,033 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Fiserv in the fourth quarter valued at approximately $11,330,000. Journey Strategic Wealth LLC raised its holdings in shares of Fiserv by 4.2% during the 4th quarter. Journey Strategic Wealth LLC now owns 1,425 shares of the business services provider's stock valued at $293,000 after purchasing an additional 58 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at $29,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

NYSE FI traded up $1.25 during trading hours on Thursday, reaching $165.41. 4,120,017 shares of the company's stock were exchanged, compared to its average volume of 3,222,284. The firm has a fifty day moving average of $187.75 and a 200-day moving average of $206.18. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The stock has a market cap of $91.71 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.88 earnings per share. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has initiated a stock buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now directly owns 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Wall Street Zen initiated coverage on Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. Stephens increased their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Tigress Financial raised their price target on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Wells Fargo & Company upped their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $220.27.

Fiserv Company 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.