Fiserv, Inc. (NYSE:FI) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC raised its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 77.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,837 shares of the business services provider's stock after purchasing an additional 3,848 shares during the period. CWA Asset Management Group LLC's holdings in Fiserv were worth $1,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LaFleur & Godfrey LLC increased its position in shares of Fiserv by 0.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock worth $3,721,000 after acquiring an additional 75 shares in the last quarter. Brighton Jones LLC increased its position in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Fiserv in the fourth quarter worth $11,330,000. Van ECK Associates Corp increased its position in shares of Fiserv by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 22,699 shares of the business services provider's stock worth $4,663,000 after acquiring an additional 594 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Fiserv by 49.3% in the fourth quarter. Allworth Financial LP now owns 7,176 shares of the business services provider's stock worth $1,503,000 after acquiring an additional 2,368 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FI shares. Royal Bank Of Canada set a $237.00 price objective on shares of Fiserv in a research report on Friday, April 25th. Mizuho set a $200.00 price target on shares of Fiserv in a report on Thursday, May 15th. BMO Capital Markets lowered their price target on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Wall Street Zen started coverage on shares of Fiserv in a report on Sunday, March 23rd. They set a "buy" rating for the company. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Fiserv Stock Performance

NYSE:FI traded up $1.61 during mid-day trading on Friday, hitting $162.97. The stock had a trading volume of 8,513,492 shares, compared to its average volume of 3,304,541. The stock has a market capitalization of $90.36 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 1.00 and a beta of 0.90. The company has a 50 day simple moving average of $178.13 and a 200-day simple moving average of $202.10. Fiserv, Inc. has a 52 week low of $146.46 and a 52 week high of $238.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. Fiserv's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.88 EPS. On average, research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now owns 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

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.