Wells Fargo & Company MN Has $273.32 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Wells Fargo & Company MN reduced its stake in Fiserv, Inc. (NYSE:FI) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,330,529 shares of the business services provider’s stock after selling 6,540 shares during the quarter. Wells Fargo & Company MN owned about 0.23% of Fiserv worth $273,317,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc bought a new stake in Fiserv during the 4th quarter valued at $31,000. Campbell Capital Management Inc. acquired a new position in Fiserv during the fourth quarter worth $37,000. Finally, Knuff & Co LLC bought a new position in shares of Fiserv in the fourth quarter valued at $45,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

Fiserv stock opened at $198.77 on Friday. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $111.57 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The firm’s 50 day simple moving average is $222.85 and its 200 day simple moving average is $209.42.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FI has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and lifted their price target for the company from $246.00 to $260.00 in a research note on Wednesday. Oppenheimer upped their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. KeyCorp increased their target price on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of “Buy” and an average target price of $243.64.

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.