Cwm LLC Buys 1,912 Shares of Fiserv, Inc. (NYSE:FI)

Cwm LLC lifted its stake in Fiserv, Inc. (NYSE:FI) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,276 shares of the business services provider’s stock after purchasing an additional 1,912 shares during the quarter. Cwm LLC’s holdings in Fiserv were worth $3,720,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hollencrest Capital Management lifted its position in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. West Oak Capital LLC bought a new position in Fiserv in the fourth quarter worth approximately $27,000. Halpern Financial Inc. purchased a new position in Fiserv during the 4th quarter worth $27,000. GW&K Investment Management LLC bought a new stake in Fiserv during the 4th quarter valued at $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv during the 4th quarter worth $27,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Wells Fargo & Company began coverage on shares of Fiserv in a report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 price target for the company. Robert W. Baird increased their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Citigroup boosted their price objective on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, TD Cowen increased their target price on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

Fiserv Stock Performance

Shares of NYSE:FI traded down $0.24 during midday trading on Wednesday, reaching $149.49. The company’s stock had a trading volume of 2,461,400 shares, compared to its average volume of 2,037,255. The firm has a market capitalization of $87.47 billion, a PE ratio of 27.93, a P/E/G ratio of 1.21 and a beta of 0.93. The stock has a fifty day moving average of $150.81 and a 200 day moving average of $146.22. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last released its quarterly earnings data 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. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the business posted $1.58 EPS. The company’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,729 shares of company stock worth $7,611,991. Corporate insiders own 0.75% of the company’s stock.

About Fiserv

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.