Fiserv, Inc. (NYSE:FI) Shares Purchased by West Family Investments Inc.

West Family Investments Inc. increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 10.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,191 shares of the business services provider’s stock after acquiring an additional 209 shares during the quarter. West Family Investments Inc.’s holdings in Fiserv were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Waypoint Capital Advisors LLC boosted its holdings in Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares during the last quarter. Optas LLC boosted its holdings in Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Covestor Ltd boosted its holdings in Fiserv by 7.6% in the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 59 shares during the last quarter. Finally, West Bancorporation Inc. boosted its holdings in Fiserv by 3.8% in the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 61 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock worth $44,299,745 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.1 %

NYSE FI opened at $215.15 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52 week low of $121.86 and a 52 week high of $216.93. The stock has a market capitalization of $122.40 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The firm has a 50 day moving average of $193.02 and a two-hundred day moving average of $169.59.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FI shares. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Stephens boosted their target price on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company boosted their price target on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, William Blair raised shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.52.

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.