Fiserv, Inc. (NYSE:FI) Shares Purchased by BKM Wealth Management LLC

BKM Wealth Management LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 150.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 839 shares of the business services provider’s stock after acquiring an additional 504 shares during the period. BKM Wealth Management LLC’s holdings in Fiserv were worth $134,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. West Oak Capital LLC purchased a new position in Fiserv in the 4th quarter worth approximately $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv during the fourth quarter worth $27,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv during the fourth quarter worth $27,000. Finally, Fortitude Family Office LLC acquired a new position in Fiserv in the fourth quarter valued at $28,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Insiders sold a total of 50,729 shares of company stock valued at $7,611,991 in the last quarter. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Robert W. Baird increased their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada increased their target price on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Stephens reaffirmed an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a report on Wednesday, April 24th. Finally, B. Riley increased their price target on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

Fiserv Stock Performance

Shares of FI stock opened at $147.13 on Tuesday. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $86.08 billion, a P/E ratio of 27.50, a P/E/G ratio of 1.20 and a beta of 0.92. The company’s fifty day moving average price is $150.81 and its two-hundred day moving average price is $147.18.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.58 EPS. On average, research analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

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.