21,364 Shares in Fiserv, Inc. (NYSE:FI) Bought by Cwm LLC

Cwm LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,364 shares of the business services provider’s stock, valued at approximately $2,838,000.

Other institutional investors have also added to or reduced their stakes in the company. Hollencrest Capital Management increased its stake in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. West Oak Capital LLC bought a new position in Fiserv in the fourth quarter valued at $27,000. Halpern Financial Inc. bought a new position in Fiserv in the fourth quarter valued at $27,000. Fortitude Family Office LLC bought a new position in Fiserv in the fourth quarter valued at $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in shares of Fiserv during the fourth quarter valued at about $31,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FI shares. BMO Capital Markets raised their price objective on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a research note on Thursday, January 11th. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Citigroup raised their price objective on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, B. Riley raised their target price on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Stock Down 2.0 %

FI stock opened at $152.25 on Thursday. The company has a fifty day moving average price of $152.28 and a 200 day moving average price of $137.34. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a market cap of $89.64 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm 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 earned $1.58 EPS. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief operating officer now 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 can be accessed through this link. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last 90 days. 0.75% of the stock is owned by insiders.

Fiserv Company 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.