Daiwa Securities Group Inc. Purchases 6,630 Shares of Fiserv, Inc. (NYSE:FI)

Daiwa Securities Group Inc. lifted its position in Fiserv, Inc. (NYSE:FI) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 85,412 shares of the business services provider’s stock after buying an additional 6,630 shares during the period. Daiwa Securities Group Inc.’s holdings in Fiserv were worth $15,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FI. Quent Capital LLC increased its stake in shares of Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares in the last quarter. SVB Wealth LLC grew its stake in Fiserv by 1.6% during the first quarter. SVB Wealth LLC now owns 9,982 shares of the business services provider’s stock valued at $1,595,000 after acquiring an additional 161 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Fiserv by 3.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 17,855 shares of the business services provider’s stock valued at $2,854,000 after acquiring an additional 513 shares in the last quarter. Tidal Investments LLC grew its stake in Fiserv by 30.1% during the first quarter. Tidal Investments LLC now owns 36,199 shares of the business services provider’s stock valued at $5,783,000 after acquiring an additional 8,377 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new position in Fiserv during the first quarter valued at $218,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.9 %

Shares of FI opened at $221.56 on Monday. Fiserv, Inc. has a 1-year low of $125.42 and a 1-year high of $222.05. The company has a 50-day moving average of $195.77 and a 200 day moving average of $171.00. The firm has a market capitalization of $126.05 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 1.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. On average, research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. 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. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FI shares. Susquehanna raised their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, BTIG Research began coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $214.29.

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.