Wetzel Investment Advisors Inc. Has $194,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Wetzel Investment Advisors Inc. lessened its holdings in Fiserv, Inc. (NYSE:FI) by 17.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,211 shares of the business services provider’s stock after selling 262 shares during the quarter. Wetzel Investment Advisors Inc.’s holdings in Fiserv were worth $194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD bought a new position in shares of Fiserv in the fourth quarter worth about $5,885,279,000. Capital World Investors bought a new position in Fiserv in the 4th quarter valued at approximately $2,329,623,000. Veritas Asset Management LLP acquired a new stake in Fiserv in the fourth quarter valued at approximately $927,298,000. Parnassus Investments LLC bought a new stake in shares of Fiserv during the fourth quarter worth $900,674,000. Finally, Norges Bank acquired a new position in shares of Fiserv during the fourth quarter worth $874,377,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FI shares. BMO Capital Markets raised their price objective on Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $154.00 to $175.00 in a report on Monday, July 22nd. Wells Fargo & Company raised their price objective on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Mizuho lifted their price target on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

Insider Buying and Selling

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,890 shares of company stock valued at $14,416,687. 0.75% of the stock is owned by company insiders.

Fiserv Stock Down 0.0 %

Fiserv stock opened at $172.41 on Wednesday. The company has a market capitalization of $100.88 billion, a PE ratio of 32.23, a PEG ratio of 1.37 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $175.47. The firm’s fifty day moving average is $162.26 and its 200 day moving average is $155.40. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 earnings per share. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

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.