Mediolanum International Funds Ltd Acquires 92,490 Shares of Fiserv, Inc. (NYSE:FI)

Mediolanum International Funds Ltd grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 84.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 202,231 shares of the business services provider's stock after purchasing an additional 92,490 shares during the quarter. Mediolanum International Funds Ltd's holdings in Fiserv were worth $36,014,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Fiserv by 0.9% in the 1st 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 during the period. Capital World Investors lifted its stake in shares of Fiserv by 7.4% in 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 buying an additional 1,303,078 shares during the period. Massachusetts Financial Services Co. MA grew its position in 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 worth $1,069,204,000 after buying an additional 64,332 shares in the last quarter. Legal & General Group Plc increased its stake in 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 acquiring an additional 85,598 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Fiserv by 67.2% in the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider's stock valued at $519,690,000 after acquiring an additional 1,306,901 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company's stock, valued at approximately $27,005,424.03. The trade was 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. In related news, EVP John Gibbons sold 18,890 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 227,890 shares of company stock worth $40,934,217. Insiders own 0.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Fiserv from $177.00 to $220.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Wells Fargo & Company lifted their price objective on Fiserv from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday. BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They issued a "buy" rating and a $200.00 target price for the company. StockNews.com upgraded Fiserv from a "hold" rating to a "buy" rating in a research report on Thursday, September 26th. Finally, UBS Group increased their price objective on Fiserv from $185.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $202.08.

Fiserv Stock Down 1.9 %

Shares of NYSE:FI traded down $3.77 during mid-day trading on Friday, reaching $199.52. 2,436,380 shares of the stock were exchanged, compared to its average volume of 2,482,369. The stock's 50 day simple moving average is $180.04 and its 200-day simple moving average is $162.37. Fiserv, Inc. has a one year low of $111.53 and a one year high of $204.50. The company has a market cap of $116.74 billion, a P/E ratio of 37.29, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating 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 business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the firm earned $1.96 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts predict that Fiserv, Inc. will post 8.74 EPS 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.