CWA Asset Management Group LLC Buys 2,187 Shares of Fiserv, Inc. (NYSE:FI)

CWA Asset Management Group LLC boosted its position in Fiserv, Inc. (NYSE:FI) by 78.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,989 shares of the business services provider’s stock after buying an additional 2,187 shares during the period. CWA Asset Management Group LLC’s holdings in Fiserv were worth $1,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clean Yield Group lifted its holdings in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after buying an additional 127 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of Fiserv during the third quarter valued at about $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv in the 3rd quarter worth about $44,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on FI. The Goldman Sachs Group boosted their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Mizuho raised their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Citigroup increased their target price on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Finally, Oppenheimer upped their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $222.88.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,821 shares of company stock valued at $18,581,095. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $203.67 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a one year low of $133.66 and a one year high of $223.23. The firm has a market capitalization of $115.87 billion, a P/E ratio of 39.17, a PEG ratio of 1.56 and a beta of 0.93. The business has a fifty day moving average price of $209.42 and a 200-day moving average price of $184.17.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm earned $1.96 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

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.