Swiss National Bank Has $334.09 Million Position in Fiserv, Inc. (NYSE:FI)

Swiss National Bank trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,626,386 shares of the business services provider's stock after selling 110,300 shares during the period. Swiss National Bank owned approximately 0.29% of Fiserv worth $334,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sigma Planning Corp increased its stake in Fiserv by 16.7% in the 3rd quarter. Sigma Planning Corp now owns 5,372 shares of the business services provider's stock valued at $965,000 after buying an additional 767 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Fiserv by 0.8% in the third quarter. Harbour Investments Inc. now owns 10,064 shares of the business services provider's stock valued at $1,808,000 after acquiring an additional 75 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider's stock worth $236,739,000 after acquiring an additional 4,218 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in Fiserv by 24.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 16,539 shares of the business services provider's stock worth $2,971,000 after acquiring an additional 3,290 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new position in Fiserv during the third quarter valued at approximately $238,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on FI. Barclays upped their price objective on Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Compass Point began coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a "buy" rating and a $278.00 price target on the stock. BMO Capital Markets increased their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Royal Bank of Canada boosted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $239.83.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction 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.

Fiserv Price Performance

FI stock traded down $2.11 during midday trading on Thursday, reaching $209.23. The company had a trading volume of 2,659,086 shares, compared to its average volume of 2,524,574. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The stock has a 50 day moving average price of $218.83 and a 200-day moving average price of $204.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market capitalization of $117.44 billion, a price-to-earnings ratio of 38.82, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

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.