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% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,191 shares of the business services provider’s stock after purchasing an additional 209 shares during the period. West Family Investments Inc.’s holdings in Fiserv were worth $394,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FI. Wellington Shields & Co. LLC acquired a new stake in Fiserv during the 1st quarter worth $25,000. Family Firm Inc. purchased a new position in Fiserv during the 2nd quarter worth $31,000. Clean Yield Group raised its position in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its position in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FI. JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group upped their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Barclays increased their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, B. Riley increased their price target on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $211.52.

Fiserv Price Performance

Fiserv stock opened at $215.15 on Wednesday. Fiserv, Inc. has a 12-month low of $121.86 and a 12-month high of $216.93. The stock has a market capitalization of $122.40 billion, a P/E ratio of 41.38, a P/E/G ratio of 1.61 and a beta of 0.92. The firm’s 50-day moving average is $193.02 and its two-hundred day moving average is $169.59. 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 (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (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 business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the company earned $1.96 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,821 shares of company stock valued at $44,299,745. 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.