Westbourne Investment Advisors Inc. Makes New $684,000 Investment in Fiserv, Inc. (NYSE:FI)

Westbourne Investment Advisors Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,149 shares of the business services provider’s stock, valued at approximately $684,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Fiserv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares during the period. State Street Corp increased its holdings in Fiserv by 4.1% during the 1st quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock worth $2,904,889,000 after purchasing an additional 1,022,653 shares in the last quarter. Geode Capital Management LLC increased its holdings in Fiserv by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock worth $1,400,906,000 after acquiring an additional 149,811 shares during the last quarter. Morgan Stanley grew its holdings in Fiserv by 131.3% during the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after buying an additional 5,666,145 shares in the last quarter. Finally, BlueSpruce Investments LP increased its position in shares of Fiserv by 6.7% during the second quarter. BlueSpruce Investments LP now owns 7,419,797 shares of the business services provider’s stock valued at $936,007,000 after buying an additional 465,468 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 18.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FI has been the subject of a number of research analyst reports. Mizuho reiterated a “buy” rating and set a $156.00 price target on shares of Fiserv in a research report on Wednesday. BMO Capital Markets lifted their price objective on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Barclays increased their target price on Fiserv from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Royal Bank of Canada lifted their price target on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Evercore ISI reiterated an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Fiserv Price Performance

Fiserv stock traded up $0.16 during mid-day trading on Thursday, reaching $159.49. 591,042 shares of the company’s stock traded hands, compared to its average volume of 2,558,532. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a market cap of $94.16 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 1.30 and a beta of 0.91. The stock has a 50 day moving average of $147.33 and a two-hundred day moving average of $132.01.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the business posted $1.91 EPS. Fiserv’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Fiserv 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.