Principal Financial Group Inc. Boosts Stock Holdings in Fiserv, Inc. (NYSE:FI)

Principal Financial Group Inc. increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 929,193 shares of the business services provider's stock after acquiring an additional 7,183 shares during the quarter. Principal Financial Group Inc. owned about 0.16% of Fiserv worth $190,875,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Soros Capital Management LLC boosted its position in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after acquiring an additional 22,884 shares in the last quarter. Czech National Bank raised its stake in shares of Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock worth $25,339,000 after acquiring an additional 6,072 shares during the last quarter. Chiron Investment Management LLC bought a new stake in shares of Fiserv during the third quarter worth approximately $4,709,000. Trust Co. of Vermont raised its stake in shares of Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock worth $1,405,000 after buying an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv during the fourth quarter worth approximately $97,254,000. Institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FI shares. Royal Bank of Canada upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Oppenheimer increased their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. TD Cowen increased their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Stephens raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets raised their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Two equities 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, Fiserv currently has an average rating of "Buy" and a consensus price target of $239.83.

Fiserv Trading Down 0.2 %

FI stock traded down $0.46 during trading on Thursday, reaching $235.88. The company had a trading volume of 1,882,855 shares, compared to its average volume of 2,681,901. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.00. The company has a market cap of $134.20 billion, a P/E ratio of 43.81, a PEG ratio of 1.53 and a beta of 0.94. The business has a 50 day moving average of $212.66 and a 200 day moving average of $197.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.