WR Wealth Planners LLC Has $853,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

WR Wealth Planners LLC lifted its holdings in Fiserv, Inc. (NYSE:FI) by 542.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,151 shares of the business services provider’s stock after buying an additional 3,505 shares during the period. WR Wealth Planners LLC’s holdings in Fiserv were worth $853,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new stake in Fiserv during the fourth quarter valued at $29,000. Valley National Advisers Inc. acquired a new stake in Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc acquired a new stake in Fiserv during the fourth quarter valued at $31,000. Kennebec Savings Bank acquired a new stake in Fiserv during the third quarter valued at $40,000. Finally, Roxbury Financial LLC bought a new position in Fiserv during the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 1.8 %

Shares of FI opened at $235.67 on Friday. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $237.99. 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 capitalization of $132.28 billion, a price-to-earnings ratio of 43.72, a P/E/G ratio of 1.52 and a beta of 0.94. The stock’s 50-day moving average price is $216.68 and its 200 day moving average price is $200.81.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating 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, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a share repurchase plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have weighed in on FI. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group raised their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their target price on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Morgan Stanley raised their target price on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada raised their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $239.83.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.75% of the company’s stock.

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.