Winslow Capital Management LLC Makes New $363.03 Million Investment in Fiserv, Inc. (NYSE:FI)

Winslow Capital Management LLC acquired a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,767,261 shares of the business services provider's stock, valued at approximately $363,031,000. Fiserv comprises approximately 1.3% of Winslow Capital Management LLC's portfolio, making the stock its 28th largest position. Winslow Capital Management LLC owned 0.31% of Fiserv as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. APG Asset Management N.V. grew its position in Fiserv by 315.9% during the fourth quarter. APG Asset Management N.V. now owns 433,161 shares of the business services provider's stock valued at $85,929,000 after acquiring an additional 329,000 shares during the period. Bank of Nova Scotia grew its stake in Fiserv by 0.9% during the fourth quarter. Bank of Nova Scotia now owns 91,750 shares of the business services provider's stock worth $18,853,000 after buying an additional 843 shares during the period. FMR LLC increased its position in shares of Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares in the last quarter. Benchmark Investment Advisors LLC lifted its holdings in shares of Fiserv by 1.9% during the 4th quarter. Benchmark Investment Advisors LLC now owns 11,898 shares of the business services provider's stock valued at $2,444,000 after acquiring an additional 218 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its position in Fiserv by 3.0% during the 4th quarter. Peapack Gladstone Financial Corp now owns 59,624 shares of the business services provider's stock worth $12,247,000 after purchasing an additional 1,750 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

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Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.75% of the company's stock.

Fiserv Price Performance

NYSE:FI traded up $2.39 during mid-day trading on Monday, reaching $210.53. 685,290 shares of the company were exchanged, compared to its average volume of 2,710,279. The stock has a market cap of $117.60 billion, a PE ratio of 39.06, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a fifty day moving average of $221.27 and a 200 day moving average of $210.67.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has authorized a share buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have commented on FI shares. KeyCorp boosted their price objective on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Citigroup lifted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. StockNews.com assumed coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada lifted their target price on Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $239.35.

About Fiserv

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.