Sumitomo Mitsui Trust Group Inc. Lowers Stake in Fiserv, Inc. (NYSE:FI)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,300,431 shares of the business services provider’s stock after selling 17,347 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Fiserv were worth $267,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FI. Soros Capital Management LLC grew its stake in shares of Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the last quarter. Czech National Bank grew its position in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares during the last quarter. Chiron Investment Management LLC bought a new stake in Fiserv during the 3rd quarter valued at about $4,709,000. Trust Co. of Vermont raised its holdings in Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after buying an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $97,254,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.7 %

Shares of FI stock opened at $231.05 on Friday. The stock has a fifty day simple moving average of $208.61 and a two-hundred day simple moving average of $192.51. Fiserv, Inc. has a 52-week low of $140.26 and a 52-week high of $232.25. The firm has a market capitalization of $131.45 billion, a PE ratio of 44.43, a PEG ratio of 1.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. On average, analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FI. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley upped their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday. Susquehanna lifted their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Tigress Financial increased their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $232.13.

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.