Assenagon Asset Management S.A. Has $118.29 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Assenagon Asset Management S.A. raised its position in Fiserv, Inc. (NYSE:FI - Free Report) by 289.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 575,829 shares of the business services provider's stock after purchasing an additional 428,048 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of Fiserv worth $118,287,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Clean Yield Group increased its position in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider's stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock worth $34,000 after buying an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock valued at $39,000 after buying an additional 127 shares during the last quarter. Kennebec Savings Bank acquired a new position in Fiserv during the 3rd quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv during the 3rd quarter worth approximately $44,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FI shares. Tigress Financial lifted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Robert W. Baird upped their price objective on Fiserv from $186.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research note on Tuesday. Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Finally, TD Cowen increased their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $223.17.

Fiserv Stock Performance

NYSE:FI traded down $0.35 during mid-day trading on Wednesday, reaching $204.12. 3,322,751 shares of the company's stock were exchanged, compared to its average volume of 2,404,861. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $116.13 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a one year low of $135.97 and a one year high of $223.23. The business's fifty day simple moving average is $209.69 and its two-hundred day simple moving average is $186.07.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) 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 business had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business's stock in a transaction that occurred 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 directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Doyle Simons sold 40,000 shares of the firm's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is owned by corporate insiders.

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.