Wellington Management Group LLP Has $8.90 Million Holdings in Fiserv, Inc. (NYSE:FI)

Wellington Management Group LLP trimmed its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 14.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 43,307 shares of the business services provider's stock after selling 7,079 shares during the quarter. Wellington Management Group LLP's holdings in Fiserv were worth $8,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FI. Norges Bank acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $1,406,452,000. Raymond James Financial Inc. acquired a new stake in Fiserv in the 4th quarter valued at approximately $614,982,000. Madison Investment Advisors LLC bought a new stake in Fiserv during the 4th quarter valued at $134,710,000. Proficio Capital Partners LLC boosted its position in Fiserv by 30,479.9% during the 4th quarter. Proficio Capital Partners LLC now owns 484,997 shares of the business services provider's stock worth $99,628,000 after acquiring an additional 483,411 shares during the period. Finally, Cardano Risk Management B.V. bought a new position in shares of Fiserv in the fourth quarter worth $97,254,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction 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 approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company's stock.

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Fiserv Stock Up 1.1 %

Shares of NYSE:FI traded up $2.44 during trading on Tuesday, reaching $214.68. 324,509 shares of the company traded hands, compared to its average volume of 2,707,619. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market cap of $119.91 billion, a P/E ratio of 39.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The firm has a fifty day simple moving average of $220.94 and a 200 day simple moving average of $210.90.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved 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. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their target price on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Barclays increased their price target on Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. KeyCorp upped their price objective on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Stephens lifted their target price on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $238.48.

About Fiserv

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.