BKM Wealth Management LLC Has $134,000 Position in Fiserv, Inc. (NYSE:FI)

BKM Wealth Management LLC raised its stake in Fiserv, Inc. (NYSE:FI) by 150.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 839 shares of the business services provider’s stock after purchasing an additional 504 shares during the period. BKM Wealth Management LLC’s holdings in Fiserv were worth $134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Fiserv in the fourth quarter valued at about $5,885,279,000. Capital World Investors bought a new stake in shares of Fiserv in the fourth quarter valued at about $2,329,623,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Fiserv in the fourth quarter valued at about $960,592,000. Finally, Veritas Asset Management LLP bought a new stake in shares of Fiserv in the fourth quarter valued at about $927,298,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Barclays boosted their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Royal Bank of Canada boosted their target price on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Robert W. Baird boosted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, KeyCorp upped their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $165.44.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,729 shares of company stock valued at $7,611,991. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Fiserv stock opened at $147.13 on Tuesday. The business has a 50 day moving average of $150.81 and a 200-day moving average of $147.18. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $86.08 billion, a P/E ratio of 27.50, a P/E/G ratio of 1.20 and a beta of 0.92.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

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.