West Oak Capital LLC Invests $27,000 in Fiserv, Inc. (NYSE:FI)

West Oak Capital LLC acquired a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 200 shares of the business services provider’s stock, valued at approximately $27,000.

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank bought a new stake in shares of Fiserv during the 2nd quarter worth approximately $200,000. Fortitude Family Office LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $28,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Fiserv during the 2nd quarter worth approximately $27,000. Hollencrest Capital Management raised its stake in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Fiserv during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 18.20% of the stock is currently owned by insiders.

Fiserv Price Performance

FI stock traded up $0.24 during mid-day trading on Thursday, hitting $159.57. The stock had a trading volume of 427,137 shares, compared to its average volume of 2,555,635. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.91. The firm has a market capitalization of $94.21 billion, a P/E ratio of 31.87, a P/E/G ratio of 1.30 and a beta of 0.91. The firm has a fifty day simple moving average of $147.33 and a 200 day simple moving average of $132.01.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 EPS. As a group, research analysts forecast that Fiserv, Inc. will post 8.62 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their target price on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday. StockNews.com assumed coverage on shares of Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating for the company. Susquehanna raised their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday. Barclays raised their target price on shares of Fiserv from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Finally, Royal Bank of Canada raised their target price on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $155.83.

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.