Western Financial Corp CA Boosts Stock Position in Fiserv, Inc. (NYSE:FI)

Western Financial Corp CA boosted its holdings in Fiserv, Inc. (NYSE:FI) by 8.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,409 shares of the business services provider’s stock after purchasing an additional 255 shares during the quarter. Western Financial Corp CA’s holdings in Fiserv were worth $753,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Fiserv by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider’s stock valued at $2,435,280,000 after buying an additional 218,833 shares during the last quarter. FMR LLC increased its holdings in Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock valued at $2,376,482,000 after buying an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Fiserv by 16.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock worth $1,649,705,000 after purchasing an additional 1,121,597 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Fiserv by 5.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider’s stock worth $1,424,907,000 after purchasing an additional 340,938 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Fiserv during the fourth quarter worth about $1,406,452,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of several research reports. Wall Street Zen initiated coverage on Fiserv in a report on Sunday, March 23rd. They set a “buy” rating on the stock. BMO Capital Markets dropped their price objective on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Susquehanna decreased their target price on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Friday, April 25th. Finally, The Goldman Sachs Group decreased their target price on shares of Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $221.23.

Fiserv Price Performance

FI stock opened at $170.53 on Thursday. The firm has a 50 day moving average of $174.80 and a 200-day moving average of $200.95. Fiserv, Inc. has a 12-month low of $146.46 and a 12-month 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. The company has a market cap of $94.55 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.07 and a beta of 0.90.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the firm earned $1.88 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider now directly owns 53,385 shares of the company’s stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president now directly owns 25,385 shares of the company’s stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

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.