RWA Wealth Partners LLC Invests $345,000 in Fiserv, Inc. (NYSE:FI)

RWA Wealth Partners LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,599 shares of the business services provider’s stock, valued at approximately $345,000.

Other hedge funds also recently modified their holdings of the company. West Oak Capital LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Fortitude Family Office LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $28,000. Hollencrest Capital Management raised its position in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the period. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of Fiserv during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.7 %

NYSE FI opened at $153.29 on Friday. The business has a 50 day simple moving average of $152.39 and a 200 day simple moving average of $137.45. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The stock has a market capitalization of $90.25 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Research analysts expect that Fiserv, Inc. will post 8.67 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 111,575 shares of company stock valued at $17,022,387. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays boosted their target price on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. UBS Group increased their target price on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Susquehanna raised their price objective on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Finally, Jefferies Financial Group raised their price objective on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

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.