Wilkins Investment Counsel Inc. Sells 2,660 Shares of Fiserv, Inc. (NYSE:FI)

Wilkins Investment Counsel Inc. cut its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,093 shares of the business services provider's stock after selling 2,660 shares during the quarter. Wilkins Investment Counsel Inc.'s holdings in Fiserv were worth $9,674,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in Fiserv during the 4th quarter worth approximately $29,000. Marshall Investment Management LLC acquired a new position in Fiserv in the fourth quarter worth $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv during the fourth quarter worth $31,000. Campbell Capital Management Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at $37,000. Finally, Knuff & Co LLC bought a new position in shares of Fiserv in the fourth quarter valued at about $45,000. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 1.7 %

Shares of FI stock traded up $3.81 on Monday, hitting $221.90. The stock had a trading volume of 1,685,762 shares, compared to its average volume of 2,519,593. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The company has a fifty day moving average price of $220.87 and a two-hundred day moving average price of $206.81. The firm has a market cap of $124.55 billion, a P/E ratio of 41.17, a PEG ratio of 1.52 and a beta of 0.93.

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Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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 forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have commented on FI. The Goldman Sachs Group increased their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. KeyCorp increased their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Morgan Stanley upped their price objective on Fiserv from $258.00 to $267.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Three research 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 stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and an average price target of $239.83.

Insider Buying and Selling

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 value of $10,599,750.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by company insiders.

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.