State of Wyoming Has $466,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

State of Wyoming lifted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 283.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,269 shares of the business services provider's stock after acquiring an additional 1,678 shares during the quarter. State of Wyoming's holdings in Fiserv were worth $466,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $257,000. Principal Financial Group Inc. raised its position in Fiserv by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider's stock worth $190,875,000 after acquiring an additional 7,183 shares in the last quarter. USAdvisors Wealth Management LLC bought a new position in shares of Fiserv in the 4th quarter valued at about $322,000. Centricity Wealth Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $79,000. Finally, Addenda Capital Inc. increased its stake in shares of Fiserv by 5.4% during the 4th quarter. Addenda Capital Inc. now owns 75,355 shares of the business services provider's stock worth $15,479,000 after purchasing an additional 3,879 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

FI opened at $169.27 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59. The firm has a market cap of $93.85 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The business's fifty day moving average is $201.41 and its 200-day moving average is $210.18.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.88 EPS. Sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS 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 buyback 60,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on FI shares. JPMorgan Chase & Co. reduced their price target on Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a report on Monday. BMO Capital Markets cut their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Keefe, Bruyette & Woods reduced their target price on Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Citigroup dropped their price target on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Barclays cut their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two research analysts have 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 stock. Based on data from MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and an average price target of $225.80.

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.

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