TCW Group Inc. Purchases 68,144 Shares of Fiserv, Inc. (NYSE:FI)

TCW Group Inc. grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 739,690 shares of the business services provider's stock after acquiring an additional 68,144 shares during the quarter. Fiserv accounts for approximately 1.2% of TCW Group Inc.'s portfolio, making the stock its 22nd largest holding. TCW Group Inc. owned about 0.13% of Fiserv worth $132,885,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FI. Family Firm Inc. purchased a new position in Fiserv in the second quarter worth $31,000. Clean Yield Group raised its stake in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider's stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in shares of Fiserv by 42.5% in the 3rd 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 during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock worth $39,000 after buying an additional 127 shares during the last quarter. Finally, Kennebec Savings Bank bought a new position in Fiserv during the third quarter valued at about $40,000. Institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FI. Susquehanna boosted their target price 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. JPMorgan Chase & Co. upped their price objective on Fiserv from $199.00 to $227.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. UBS Group raised their target price on Fiserv from $185.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Stephens upped their price target on Fiserv from $170.00 to $200.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Finally, Oppenheimer started coverage on Fiserv in a report on Tuesday, October 1st. They issued an "outperform" rating and a $203.00 price objective for the company. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $217.50.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 in the company, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is currently owned by insiders.

Fiserv Price Performance

Fiserv stock traded up $2.42 during mid-day trading on Wednesday, hitting $203.96. 2,685,736 shares of the company traded hands, compared to its average volume of 2,530,917. The stock has a fifty day moving average price of $204.55 and a 200-day moving average price of $176.19. The stock has a market cap of $116.04 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93. Fiserv, Inc. has a one year low of $131.41 and a one year high of $223.23. 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 - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. On average, equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.