Wellspring Financial Advisors LLC Decreases Holdings in Fiserv, Inc. (NYSE:FI)

Wellspring Financial Advisors LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 55.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,690 shares of the business services provider's stock after selling 2,110 shares during the period. Wellspring Financial Advisors LLC's holdings in Fiserv were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares in the last quarter. Benchmark Investment Advisors LLC grew its stake in Fiserv by 1.9% during the 4th quarter. Benchmark Investment Advisors LLC now owns 11,898 shares of the business services provider's stock worth $2,444,000 after buying an additional 218 shares during the last quarter. Peapack Gladstone Financial Corp increased its position in Fiserv by 3.0% during the 4th quarter. Peapack Gladstone Financial Corp now owns 59,624 shares of the business services provider's stock valued at $12,247,000 after buying an additional 1,750 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co raised its stake in Fiserv by 41.7% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 85,000 shares of the business services provider's stock valued at $17,461,000 after buying an additional 25,000 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Fiserv by 11.2% during the fourth quarter. Russell Investments Group Ltd. now owns 433,440 shares of the business services provider's stock worth $89,081,000 after acquiring an additional 43,807 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

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Fiserv Trading Up 1.8 %

Shares of FI traded up $3.60 during midday trading on Friday, hitting $207.98. 2,784,695 shares of the stock were exchanged, compared to its average volume of 2,715,748. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The stock has a fifty day simple moving average of $221.27 and a 200 day simple moving average of $210.44. The firm has a market cap of $116.17 billion, a P/E ratio of 38.59, a P/E/G ratio of 1.52 and a beta of 0.91.

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

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

Analyst Upgrades and Downgrades

FI has been the subject of a number of research reports. KeyCorp lifted their target price on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Barclays increased their price target on Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Morgan Stanley boosted their target price on shares of Fiserv from $258.00 to $267.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a research report on Wednesday. Finally, Oppenheimer lifted their price objective on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.35.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.75% of the company's stock.

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.