Norinchukin Bank The boosted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,882 shares of the business services provider's stock after purchasing an additional 1,566 shares during the quarter. Norinchukin Bank The's holdings in Fiserv were worth $5,111,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new stake in Fiserv during the 4th quarter worth approximately $29,000. Marshall Investment Management LLC bought a new stake in Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the 4th quarter worth $31,000. Campbell Capital Management Inc. bought a new position in Fiserv during the 4th quarter worth about $37,000. Finally, Knuff & Co LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at about $45,000. Institutional investors own 90.98% of the company's stock.
Insider Activity at Fiserv
In other news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
FI has been the subject of a number of research reports. The Goldman Sachs Group upgraded Fiserv from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $246.00 to $260.00 in a report on Wednesday, April 2nd. Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. StockNews.com began coverage on shares of Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating on the stock. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fiserv from $260.00 to $240.00 and set an "outperform" rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $233.33.
Read Our Latest Research Report on FI
Fiserv Stock Performance
Shares of FI stock traded up $1.29 during midday trading on Friday, hitting $178.19. 4,248,611 shares of the company were exchanged, compared to its average volume of 2,776,826. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The firm has a market capitalization of $99.53 billion, a P/E ratio of 33.13, a PEG ratio of 1.52 and a beta of 0.91. The firm's 50 day moving average price is $217.25 and its two-hundred day moving average price is $211.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.
Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.
Fiserv announced that its board has initiated a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Fiserv Company Profile
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Free Report)
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.
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