Western Wealth Management LLC Invests $265,000 in Fiserv, Inc. (NYSE:FI)

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

Other large investors have also recently made changes to their positions in the company. Piscataqua Savings Bank bought a new stake in shares of Fiserv in the fourth quarter worth approximately $67,000. GHP Investment Advisors Inc. bought a new stake in Fiserv during the fourth quarter valued at approximately $78,000. Liberty Capital Management Inc. bought a new stake in Fiserv during the fourth quarter valued at approximately $7,071,000. Birch Hill Investment Advisors LLC bought a new stake in Fiserv during the fourth quarter valued at approximately $84,583,000. Finally, Graypoint LLC bought a new stake in Fiserv during the fourth quarter valued at approximately $3,732,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 0.1 %

Shares of FI opened at $148.80 on Tuesday. The company’s fifty day moving average is $151.90 and its 200 day moving average is $136.94. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The stock 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. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share 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 company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the previous year, the business posted $1.91 earnings per share. Fiserv’s quarterly revenue was up 6.2% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’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 transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last quarter. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Susquehanna boosted their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. KeyCorp boosted their target price on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday. Mizuho restated a “buy” rating and set a $156.00 target price on shares of Fiserv in a research report on Wednesday, March 27th. Stephens lifted their price target 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. Finally, BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report 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, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $157.79.

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.