Western Pacific Wealth Management LP Makes New Investment in Fiserv, Inc. (NYSE:FI)

Western Pacific Wealth Management LP purchased a new position in shares of Fiserv, Inc. (NYSE:FIFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,062 shares of the business services provider’s stock, valued at approximately $274,000.

A number of other hedge funds also recently modified their holdings of FI. West Oak Capital LLC acquired a new position in Fiserv in the fourth quarter valued at $27,000. Halpern Financial Inc. acquired a new position in Fiserv in the fourth quarter valued at $27,000. GW&K Investment Management LLC acquired a new position in Fiserv in the fourth quarter valued at $27,000. Fortitude Family Office LLC acquired a new position in Fiserv in the fourth quarter valued at $28,000. Finally, Private Wealth Management Group LLC acquired a new position in Fiserv in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI traded down $1.37 during midday trading on Monday, hitting $151.34. The company’s stock had a trading volume of 1,755,001 shares, compared to its average volume of 2,531,739. The stock has a fifty day moving average price of $153.38 and a 200 day moving average price of $142.23. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $88.55 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 1.23 and a beta of 0.92.

Fiserv (NYSE:FIGet Free Report) last issued its quarterly earnings data 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. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share. On average, research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $25,209,646. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of several recent analyst reports. B. Riley boosted their target price on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com assumed coverage on shares of Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating for the company. TD Cowen lifted their price target on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Citigroup lifted their price target on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Susquehanna boosted their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Read Our Latest Research Report on FI

About Fiserv

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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