Chiron Investment Management LLC Invests $4.71 Million in Fiserv, Inc. (NYSE:FI)

Chiron Investment Management LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,213 shares of the business services provider's stock, valued at approximately $4,709,000. Fiserv accounts for 1.7% of Chiron Investment Management LLC's holdings, making the stock its 24th biggest holding.

Several other large investors also recently added to or reduced their stakes in FI. Sanders Capital LLC bought a new stake in Fiserv in the 3rd quarter worth approximately $764,543,000. FMR LLC raised its stake in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S bought a new position in Fiserv during the third quarter valued at $172,993,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider's stock worth $109,700,000 after buying an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its position in shares of Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider's stock valued at $108,488,000 after buying an additional 558,774 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 1.4 %

Shares of NYSE FI traded up $2.86 during midday trading on Wednesday, reaching $204.40. 1,132,516 shares of the stock were exchanged, compared to its average volume of 2,524,063. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $116.29 billion, a P/E ratio of 39.09, a P/E/G ratio of 1.58 and a beta of 0.93. The stock has a 50 day moving average price of $204.55 and a 200-day moving average price of $176.19. Fiserv, Inc. has a 52-week low of $131.41 and a 52-week high of $223.23.

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, topping analysts' consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS. Equities research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. KeyCorp lifted their price target on shares of Fiserv from $180.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Stephens increased their target price on shares of Fiserv from $170.00 to $200.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Mizuho boosted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Susquehanna boosted their target price on Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $217.50.

Insider Buying and Selling at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction dated Friday, September 20th. The shares were 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 directly owns 2,965,084 shares of the company's stock, valued at $525,916,949.08. This represents a 4.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company's stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock valued at $44,299,745 over the last ninety days. Corporate insiders own 0.75% of the company's stock.

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.