Asset Management One Co. Ltd. Boosts Stock Position in Fiserv, Inc. (NYSE:FI)

Asset Management One Co. Ltd. boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228,083 shares of the business services provider’s stock after purchasing an additional 3,457 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Fiserv were worth $40,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FI. Waypoint Capital Advisors LLC increased its holdings in shares of Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares during the last quarter. Optas LLC boosted its position in Fiserv by 1.7% during the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares during the period. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. West Bancorporation Inc. lifted its holdings in shares of Fiserv by 3.8% in the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after buying an additional 61 shares during the period. Finally, Atwood & Palmer Inc. lifted its holdings in shares of Fiserv by 6.6% in the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after buying an additional 66 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 257,890 shares of company stock worth $46,968,117 in the last 90 days. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

Shares of NYSE:FI opened at $200.82 on Tuesday. The business has a 50 day moving average price of $184.49 and a 200 day moving average price of $164.96. Fiserv, Inc. has a twelve month low of $118.42 and a twelve month high of $204.50. The company has a market cap of $114.25 billion, a price-to-earnings ratio of 38.62, a PEG ratio of 1.51 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FI. Barclays boosted their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their price target on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price target on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

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.