Michels Family Financial LLC Buys Shares of 3,410 Fiserv, Inc. (NYSE:FI)

Michels Family Financial LLC purchased a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,410 shares of the business services provider's stock, valued at approximately $700,000.

Several other large investors also recently made changes to their positions in FI. Root Financial Partners LLC bought a new stake in Fiserv during the fourth quarter worth approximately $257,000. Principal Financial Group Inc. lifted its stake in shares of Fiserv by 0.8% in the fourth quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider's stock worth $190,875,000 after buying an additional 7,183 shares during the last quarter. USAdvisors Wealth Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $322,000. Centricity Wealth Management LLC acquired a new position in Fiserv in the 4th quarter valued at $79,000. Finally, E. Ohman J or Asset Management AB grew its stake in Fiserv by 9.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 26,100 shares of the business services provider's stock valued at $5,361,000 after buying an additional 2,150 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 0.4%

FI stock traded up $0.60 during midday trading on Tuesday, reaching $159.94. The stock had a trading volume of 8,260,697 shares, compared to its average volume of 3,096,581. The firm has a market cap of $88.68 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. 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 business has a fifty day simple moving average of $195.97 and a two-hundred day simple moving average of $208.60.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Fiserv's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.88 EPS. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has authorized a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to buy 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.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FI shares. BMO Capital Markets decreased their price target on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Stephens increased their target price on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Susquehanna dropped their price target on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Friday, April 25th. Barclays reduced their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Citigroup lowered their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $222.80.

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.