Wetzel Investment Advisors Inc. Takes Position in Fiserv, Inc. (NYSE:FI)

Wetzel Investment Advisors Inc. acquired a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,495 shares of the business services provider’s stock, valued at approximately $199,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares during the last quarter. State Street Corp increased its holdings in Fiserv by 4.1% during the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock worth $2,904,889,000 after buying an additional 1,022,653 shares during the last quarter. Geode Capital Management LLC increased its holdings in Fiserv by 1.2% during the first quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock worth $1,400,906,000 after buying an additional 149,811 shares during the last quarter. Morgan Stanley increased its holdings in Fiserv by 131.3% during the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after buying an additional 5,666,145 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Fiserv by 14.1% during the second quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the business services provider’s stock worth $833,435,000 after buying an additional 817,660 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Up 1.2 %

Shares of Fiserv stock traded up $1.71 on Friday, hitting $148.62. The stock had a trading volume of 2,515,820 shares, compared to its average volume of 2,178,098. The stock has a 50 day moving average of $151.81 and a 200 day moving average of $136.35. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $87.50 billion, a P/E ratio of 29.73, a PEG ratio of 1.20 and a beta of 0.91.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.91 EPS. Sell-side analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a research report on Thursday, January 11th. Robert W. Baird boosted their target price on shares of Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. B. Riley boosted their target price on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $158.21.

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.