Czech National Bank Increases Stake in Fiserv, Inc. (NYSE:FI)

Czech National Bank raised its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,353 shares of the business services provider's stock after acquiring an additional 6,072 shares during the period. Czech National Bank's holdings in Fiserv were worth $25,339,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FI. Soros Capital Management LLC increased its holdings in Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock worth $9,844,000 after purchasing an additional 22,884 shares in the last quarter. Chiron Investment Management LLC acquired a new position in shares of Fiserv in the third quarter valued at approximately $4,709,000. Maxwell Wealth Strategies Inc. raised its holdings in Fiserv by 23.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider's stock valued at $2,696,000 after buying an additional 2,869 shares during the last quarter. M&T Bank Corp boosted its position in Fiserv by 12.0% during the 3rd quarter. M&T Bank Corp now owns 140,460 shares of the business services provider's stock worth $25,234,000 after buying an additional 15,103 shares during the period. Finally, Park Place Capital Corp grew its holdings in Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider's stock worth $1,259,000 after acquiring an additional 2,794 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Doyle Simons sold 40,000 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,821 shares of company stock worth $18,581,095. Insiders own 0.75% of the company's stock.

Fiserv Stock Up 0.6 %

NYSE FI traded up $1.12 during trading hours on Monday, hitting $201.63. The company's stock had a trading volume of 1,918,064 shares, compared to its average volume of 2,234,395. 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's 50-day simple moving average is $209.66 and its two-hundred day simple moving average is $185.68. The company has a market capitalization of $114.71 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $135.97 and a 52 week high of $223.23.

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

Wall Street Analysts Forecast Growth

FI has been the subject of several analyst reports. Susquehanna raised their price target on shares of Fiserv from $190.00 to $230.00 and gave the company a "positive" rating in a research note on Friday, October 18th. Stephens reaffirmed an "overweight" rating and set a $255.00 target price on shares of Fiserv in a research report on Thursday, January 2nd. TD Cowen upped their price target on Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on Fiserv from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on Fiserv from $220.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and an average target price of $222.88.

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.