Nomura Asset Management Co. Ltd. Buys 9,838 Shares of Fiserv, Inc. (NYSE:FI)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 6.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,054 shares of the business services provider's stock after purchasing an additional 9,838 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Fiserv were worth $31,089,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Waypoint Capital Advisors LLC grew its position in Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider's stock worth $560,000 after purchasing an additional 51 shares in the last quarter. Optas LLC grew its holdings in shares of Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider's stock valued at $578,000 after buying an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after buying an additional 57 shares during the period. Covestor Ltd lifted its stake in Fiserv by 7.6% in the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider's stock worth $150,000 after acquiring an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. boosted its position in Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider's stock worth $296,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of the business's stock in a transaction that occurred on 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 $6,684,555.55. The trade was a 47.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 2,965,084 shares of the company's stock, valued at $525,916,949.08. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FI. Royal Bank of Canada increased their price target on shares of Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Susquehanna increased their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a research report on Friday, October 18th. BMO Capital Markets boosted their price target on shares of Fiserv from $222.00 to $232.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Citigroup lifted their price objective on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Finally, TD Cowen upped their target price on Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $217.50.

Fiserv Stock Performance

Shares of NYSE:FI traded up $2.42 on Wednesday, hitting $203.96. 2,685,736 shares of the company were exchanged, compared to its average volume of 2,530,917. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company's 50 day moving average price is $204.55 and its two-hundred day moving average price is $176.19. Fiserv, Inc. has a one year low of $131.41 and a one year high of $223.23. The firm has a market capitalization of $116.04 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 1.58 and a beta of 0.93.

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