CWA Asset Management Group LLC Purchases 2,187 Shares of Fiserv, Inc. (NYSE:FI)

CWA Asset Management Group LLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 78.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,989 shares of the business services provider’s stock after acquiring an additional 2,187 shares during the period. CWA Asset Management Group LLC’s holdings in Fiserv were worth $1,025,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Clean Yield Group increased its holdings in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its position in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares during the period. Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the third quarter worth $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 1.0 %

NYSE:FI opened at $203.67 on Wednesday. Fiserv, Inc. has a one year low of $133.66 and a one year high of $223.23. The business has a fifty day moving average price of $209.42 and a 200-day moving average price of $184.17. The firm has a market capitalization of $115.87 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 earnings per share. Sell-side analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Citigroup lifted their price target on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. TD Cowen increased their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Oppenheimer lifted their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock valued at $18,581,095 over the last 90 days. 0.75% of the stock is currently owned by corporate 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.