Vinva Investment Management Ltd Increases Position in Fiserv, Inc. (NYSE:FI)

Vinva Investment Management Ltd increased its stake in Fiserv, Inc. (NYSE:FI) by 2.3% in the third quarter, HoldingsChannel.com reports. The firm owned 24,896 shares of the business services provider’s stock after acquiring an additional 566 shares during the quarter. Vinva Investment Management Ltd’s holdings in Fiserv were worth $4,441,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. FMR LLC increased its holdings in shares of Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Fiserv by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after purchasing an additional 64,332 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Fiserv by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after purchasing an additional 85,598 shares in the last quarter. Sanders Capital LLC purchased a new position in shares of Fiserv in the 3rd quarter valued at about $764,543,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Fiserv by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock valued at $441,173,000 after purchasing an additional 225,159 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FI. BTIG Research assumed coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. Citigroup increased their price objective on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. BMO Capital Markets increased their price objective on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group increased their price objective on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.29.

Fiserv Price Performance

Fiserv stock opened at $220.59 on Friday. Fiserv, Inc. has a 1 year low of $126.68 and a 1 year high of $223.23. The firm has a 50 day moving average price of $199.38 and a 200 day moving average price of $172.62. The company has a market cap of $125.50 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 1.70 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm earned $1.96 earnings per share. Fiserv’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Activity at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is owned by company 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.