Cwm LLC Invests $2.84 Million in Fiserv, Inc. (NYSE:FI)

Cwm LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,364 shares of the business services provider’s stock, valued at approximately $2,838,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Piscataqua Savings Bank acquired a new position in shares of Fiserv during the fourth quarter worth about $67,000. GHP Investment Advisors Inc. bought a new stake in Fiserv during the fourth quarter worth about $78,000. Liberty Capital Management Inc. bought a new stake in Fiserv during the fourth quarter worth about $7,071,000. Birch Hill Investment Advisors LLC bought a new stake in Fiserv during the fourth quarter worth about $84,583,000. Finally, Graypoint LLC bought a new stake in Fiserv during the fourth quarter worth about $3,732,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Down 2.0 %

Shares of FI stock opened at $152.25 on Thursday. The stock’s fifty day moving average price is $152.28 and its two-hundred day moving average price is $137.34. The company has a market cap of $89.64 billion, a PE ratio of 28.46, a P/E/G ratio of 1.27 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. Equities analysts predict that Fiserv, Inc. will post 8.63 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 in the last 90 days. 0.75% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on FI shares. Barclays upped their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Evercore ISI restated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Robert W. Baird upped their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group upped their price objective on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, BNP Paribas upgraded 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 nineteen have issued a buy rating to the stock. According to MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $164.33.

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.