Natixis Advisors LLC Has $83.02 Million Holdings in Fiserv, Inc. (NYSE:FI)

Natixis Advisors LLC lifted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 462,137 shares of the business services provider's stock after acquiring an additional 22,913 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of Fiserv worth $83,023,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC increased 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 worth $486,000 after purchasing an additional 3,197 shares during the last quarter. Park Place Capital Corp grew its stake in Fiserv by 66.3% in the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider's stock valued at $1,259,000 after buying an additional 2,794 shares during the last quarter. Radnor Capital Management LLC acquired a new stake in Fiserv in the 3rd quarter worth $1,543,000. Acadian Asset Management LLC grew its position in Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider's stock worth $9,047,000 after purchasing an additional 44,776 shares during the last quarter. Finally, BDF Gestion acquired a new stake in Fiserv in the 2nd quarter worth $2,981,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FI shares. William Blair upgraded shares of Fiserv to a "strong-buy" rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. B. Riley raised their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Mizuho raised their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $175.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $209.74.

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the 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 owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company's stock, valued at $4,764,211.83. This trade represents a 40.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,711 shares of company stock worth $47,477,232 over the last ninety days. Insiders own 0.75% of the company's stock.

Fiserv Stock Performance

NYSE FI traded up $0.07 on Friday, hitting $210.92. 2,279,330 shares of the stock were exchanged, compared to its average volume of 2,653,580. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The business's fifty day moving average is $191.36 and its 200 day moving average is $168.54. Fiserv, Inc. has a 52 week low of $121.86 and a 52 week high of $215.50. The company has a market capitalization of $120.00 billion, a PE ratio of 40.56, a P/E/G ratio of 1.61 and a beta of 0.92.

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

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.