Tredje AP fonden Raises Stake in Fiserv, Inc. (NYSE:FI)

Tredje AP fonden increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 35.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 374,048 shares of the business services provider’s stock after buying an additional 97,000 shares during the period. Tredje AP fonden owned about 0.06% of Fiserv worth $55,748,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FI. Aveo Capital Partners LLC purchased a new position in Fiserv in the fourth quarter valued at approximately $309,000. 9258 Wealth Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at $552,000. Kingsview Wealth Management LLC purchased a new position in shares of Fiserv during the 4th quarter valued at $771,000. Great Lakes Advisors LLC bought a new position in shares of Fiserv during the 4th quarter worth $396,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Fiserv in the 4th quarter worth about $1,336,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Fiserv stock opened at $175.34 on Wednesday. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $176.48. The firm’s fifty day moving average price is $164.66 and its 200-day moving average price is $156.26. The stock has a market cap of $102.59 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter last year, the business posted $1.81 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. TD Cowen raised their price objective on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Wells Fargo & Company boosted their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Citigroup raised Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Mizuho boosted their price objective on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.32.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. The disclosure for this sale can be found here. Insiders sold 66,890 shares of company stock worth $10,853,407 in the last quarter. 0.75% of the stock is owned by insiders.

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.