Thurston Springer Miller Herd & Titak Inc. Buys 212 Shares of Fiserv, Inc. (NYSE:FI)

Thurston Springer Miller Herd & Titak Inc. increased its holdings in Fiserv, Inc. (NYSE:FI) by 46.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 669 shares of the business services provider’s stock after buying an additional 212 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Fiserv were worth $148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FI. Vega Investment Solutions bought a new stake in Fiserv in the 4th quarter worth $25,000. Park Square Financial Group LLC bought a new stake in Fiserv during the fourth quarter worth about $28,000. Marshall Investment Management LLC bought a new stake in Fiserv during the fourth quarter worth about $29,000. Compass Financial Services Inc bought a new stake in Fiserv during the fourth quarter worth about $31,000. Finally, Campbell Capital Management Inc. bought a new stake in Fiserv during the fourth quarter worth about $37,000. 90.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Adam L. Rosman sold 2,512 shares of the 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 completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was 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 directly 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 disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE:FI opened at $166.90 on Friday. The stock has a market cap of $92.54 billion, a P/E ratio of 30.96, a PEG ratio of 1.52 and a beta of 0.91. The stock has a 50 day simple moving average of $185.54 and a 200 day simple moving average of $205.52. 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 1-year low of $146.25 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.93% and a net margin of 15.31%. Fiserv’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 EPS. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FI has been the subject of several research reports. Keefe, Bruyette & Woods decreased their price objective on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, May 21st. UBS Group reduced their target price on shares of Fiserv from $255.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, May 28th. Jefferies Financial Group reduced their price objective on Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a research note on Tuesday, May 27th. Tigress Financial upped their price objective on Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Finally, The Goldman Sachs Group reduced their price objective on Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.