Fiserv, Inc. (NYSE:FI) Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.9% during the second quarter, HoldingsChannel.com reports. The firm owned 2,116 shares of the business services provider’s stock after acquiring an additional 99 shares during the period. Western Wealth Management LLC’s holdings in Fiserv were worth $315,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FI. Wellington Shields & Co. LLC acquired a new position in Fiserv in the 1st quarter worth $25,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv in the fourth quarter worth about $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the fourth quarter valued at about $27,000. Private Wealth Management Group LLC acquired a new stake in Fiserv during the 4th quarter valued at approximately $30,000. Finally, NewSquare Capital LLC purchased a new stake in Fiserv during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FI shares. UBS Group increased their target price on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Mizuho raised their price objective on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Stephens restated an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research note on Wednesday, April 24th. JPMorgan Chase & Co. lifted their price target on Fiserv from $169.00 to $176.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

Fiserv Stock Performance

Shares of FI traded up $0.41 during trading hours on Monday, reaching $167.73. 217,179 shares of the company’s stock traded hands, compared to its average volume of 2,502,455. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $168.40. The business’s fifty day simple moving average is $154.72 and its two-hundred day simple moving average is $152.35. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $98.14 billion, a price-to-earnings ratio of 31.27, a P/E/G ratio of 1.31 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter last year, the company earned $1.81 EPS. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts predict that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related 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 directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold a total of 74,800 shares of company stock valued at $11,655,728 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

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.