KBC Group NV Grows Position in Fiserv, Inc. (NYSE:FI)

KBC Group NV lifted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,043 shares of the business services provider's stock after purchasing an additional 12,413 shares during the quarter. KBC Group NV's holdings in Fiserv were worth $24,619,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the first quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in shares of Fiserv during the second quarter valued at $31,000. Clean Yield Group grew its holdings in shares of Fiserv by 431.3% in the third 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 last quarter. Cedar Mountain Advisors LLC increased its stake in 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 period. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Fiserv by 95.5% during 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 in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 0.0 %

NYSE:FI traded up $0.07 during trading hours on Friday, reaching $210.92. 2,279,330 shares of the stock were exchanged, compared to its average volume of 2,478,375. Fiserv, Inc. has a twelve month low of $121.86 and a twelve month high of $215.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average of $191.36 and a two-hundred day moving average of $168.43. The company has a market capitalization of $120.00 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 1.63 and a beta of 0.92.

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 company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. On average, equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FI. KeyCorp raised their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Susquehanna upped their target price on Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a report on Friday, October 18th. B. Riley increased their price target on Fiserv from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 25th. BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They issued a "buy" rating and a $200.00 price objective for the company. Finally, Jefferies Financial Group increased their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.25.

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares of the company's stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,711 shares of company stock valued at $47,477,232. 0.75% of the stock is currently 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.