Fiserv, Inc. (NYSE:FI) Shares Purchased by Salvus Wealth Management LLC

Salvus Wealth Management LLC grew its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 18.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,484 shares of the business services provider's stock after buying an additional 2,943 shares during the quarter. Fiserv accounts for approximately 2.5% of Salvus Wealth Management LLC's portfolio, making the stock its 9th biggest position. Salvus Wealth Management LLC's holdings in Fiserv were worth $4,082,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Fiserv by 46.4% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 669 shares of the business services provider's stock valued at $148,000 after buying an additional 212 shares during the last quarter. Cypress Wealth Services LLC boosted its position in shares of Fiserv by 13.7% during the 1st quarter. Cypress Wealth Services LLC now owns 1,498 shares of the business services provider's stock worth $331,000 after acquiring an additional 180 shares in the last quarter. Fermata Advisors LLC increased its holdings in shares of Fiserv by 22.2% in the 1st quarter. Fermata Advisors LLC now owns 1,617 shares of the business services provider's stock valued at $357,000 after acquiring an additional 294 shares during the last quarter. Long Run Wealth Advisors LLC raised its position in shares of Fiserv by 2.2% during the 1st quarter. Long Run Wealth Advisors LLC now owns 2,989 shares of the business services provider's stock worth $660,000 after acquiring an additional 63 shares in the last quarter. Finally, Apella Capital LLC purchased a new stake in Fiserv during the first quarter worth approximately $264,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE FI traded up $1.52 on Friday, hitting $166.90. 4,271,508 shares of the company's stock were exchanged, compared to its average volume of 3,231,544. The firm has a market cap of $92.54 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 1.52 and a beta of 0.91. The firm's 50-day moving average price is $186.64 and its two-hundred day moving average price is $205.85. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

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

Fiserv announced that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

FI has been the topic of a number of research analyst reports. UBS Group cut their price objective on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. KeyCorp increased their target price 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. Truist Financial initiated coverage on shares of Fiserv in a research report on Monday. They issued a "buy" rating and a $181.00 price target for the company. Royal Bank of Canada set a $237.00 price objective on shares of Fiserv in a research note on Friday, April 25th. Finally, Tigress Financial lifted their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $220.27.

Insiders Place Their Bets

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

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.