Fiserv, Inc. (NYSE:FI) Shares Bought by GAM Holding AG

GAM Holding AG increased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 27.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,439 shares of the business services provider's stock after buying an additional 24,890 shares during the period. Fiserv accounts for 1.6% of GAM Holding AG's portfolio, making the stock its 11th largest position. GAM Holding AG's holdings in Fiserv were worth $20,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Fiserv by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider's stock valued at $7,147,305,000 after purchasing an additional 417,459 shares in the last quarter. Capital World Investors increased its stake in shares of Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider's stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Fiserv by 0.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider's stock valued at $1,069,204,000 after buying an additional 64,332 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Fiserv by 1.9% during the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider's stock valued at $687,489,000 after buying an additional 85,598 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider's stock valued at $519,690,000 after buying an additional 1,306,901 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv 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 owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock valued at $32,855,417 in the last three months. 0.75% of the stock is owned by insiders.

Fiserv Trading Up 1.3 %

Shares of FI traded up $2.69 during midday trading on Wednesday, hitting $202.36. The stock had a trading volume of 3,524,436 shares, compared to its average volume of 2,484,786. The stock's 50 day moving average is $179.29 and its 200 day moving average is $162.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $118.40 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 1 year low of $111.53 and a 1 year high of $203.00.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FI. KeyCorp increased their price target on shares of Fiserv from $180.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday. The Goldman Sachs Group increased their price target on shares of Fiserv from $188.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday. Robert W. Baird increased their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Citigroup increased their price target on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an "overweight" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $199.92.

Fiserv 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.