Oddo BHF Asset Management Sas Takes $1.56 Million Position in Fiserv, Inc. (NYSE:FI)

Oddo BHF Asset Management Sas purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,678 shares of the business services provider's stock, valued at approximately $1,559,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Sanders Capital LLC bought a new stake in shares of Fiserv during the third quarter worth $764,543,000. FMR LLC grew its holdings in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S bought a new stake in Fiserv in the 3rd quarter valued at approximately $172,993,000. Kovitz Investment Group Partners LLC boosted its position in Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider's stock worth $109,700,000 after acquiring an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider's stock worth $108,488,000 after acquiring an additional 558,774 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FI shares. Stephens raised their target price on shares of Fiserv from $170.00 to $200.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Tigress Financial upped their target price on Fiserv from $190.00 to $244.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. The Goldman Sachs Group raised their price target on Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Susquehanna upped their price objective on Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group raised their target price on shares of Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $217.50.

Insider Buying and Selling at Fiserv

In other 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 value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now owns 76,180 shares of the company's stock, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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.

Fiserv Price Performance

NYSE:FI traded down $0.19 during trading hours on Friday, reaching $204.66. 2,536,167 shares of the company were exchanged, compared to its average volume of 2,530,050. The company has a market capitalization of $116.43 billion, a P/E ratio of 39.36, a P/E/G ratio of 1.56 and a beta of 0.93. 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 has a 50 day moving average of $205.80 and a 200 day moving average of $176.96. Fiserv, Inc. has a 1-year low of $131.41 and a 1-year high of $223.23.

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

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.