Mizuho Securities USA LLC Purchases 558,774 Shares of Fiserv, Inc. (NYSE:FI)

Mizuho Securities USA LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1,238.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 603,887 shares of the business services provider's stock after purchasing an additional 558,774 shares during the period. Mizuho Securities USA LLC owned about 0.11% of Fiserv worth $108,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC boosted its stake in shares of Fiserv by 3,016.0% during the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider's stock valued at $486,000 after purchasing an additional 3,197 shares in the last quarter. Park Place Capital Corp grew its holdings in shares of 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 period. Radnor Capital Management LLC bought a new position in shares of Fiserv in the 3rd quarter worth approximately $1,543,000. Acadian Asset Management LLC boosted its stake in Fiserv by 377.3% during the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider's stock worth $9,047,000 after acquiring an additional 44,776 shares in the last quarter. Finally, BDF Gestion bought a new position in shares of Fiserv during the second quarter valued at approximately $2,981,000. Institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Fiserv from $188.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. UBS Group raised their price target on Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. B. Riley increased their price objective on shares of Fiserv from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. William Blair raised shares of Fiserv to a "strong-buy" rating in a report on Wednesday, July 24th. Finally, Robert W. Baird upped their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. Four investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $207.25.

Fiserv Price Performance

Shares of NYSE FI traded up $0.07 during midday trading on Friday, reaching $210.92. The stock had a trading volume of 2,279,330 shares, compared to its average volume of 2,478,375. The company has a market capitalization of $120.00 billion, a price-to-earnings ratio of 40.56, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. Fiserv, Inc. has a 12-month low of $121.86 and a 12-month high of $215.50. The stock has a 50-day moving average of $191.36 and a 200-day moving average of $168.43. 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 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 business had revenue of $5.22 billion during 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%. Fiserv's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 EPS. As a group, research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Doyle Simons sold 40,000 shares of the company's stock in a transaction on 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 sale, the director now owns 76,180 shares of the company's stock, valued at $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of the 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 transaction, the chief accounting officer now directly owns 38,771 shares of the company's stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 254,711 shares of company stock valued at $47,477,232. Corporate insiders own 0.75% of the company's stock.

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.