Western Wealth Management LLC Buys New Stake in Fiserv, Inc. (NYSE:FI)

Western Wealth Management LLC acquired a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,996 shares of the business services provider’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Piscataqua Savings Bank bought a new stake in Fiserv during the 4th quarter valued at about $67,000. GHP Investment Advisors Inc. purchased a new stake in Fiserv during the 4th quarter worth approximately $78,000. Liberty Capital Management Inc. purchased a new stake in Fiserv during the 4th quarter worth approximately $7,071,000. Birch Hill Investment Advisors LLC purchased a new stake in Fiserv during the 4th quarter worth approximately $84,583,000. Finally, Graypoint LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at $3,732,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on FI shares. Susquehanna upped their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Stephens upped their price objective on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Mizuho reaffirmed a “buy” rating and issued a $156.00 price objective on shares of Fiserv in a report on Wednesday, March 27th. Royal Bank of Canada boosted their target price on shares of Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.79.

Fiserv Price Performance

Fiserv stock opened at $148.80 on Tuesday. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm’s 50-day simple moving average is $151.90 and its 200 day simple moving average is $136.94. The firm has a market capitalization of $87.61 billion, a PE ratio of 29.76, a P/E/G ratio of 1.21 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the firm earned $1.91 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Fiserv, Inc. will post 8.63 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 111,575 shares of company stock worth $17,022,387. 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.