Bleakley Financial Group LLC Increases Holdings in Fiserv, Inc. (NYSE:FI)

Bleakley Financial Group LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,612 shares of the business services provider’s stock after purchasing an additional 684 shares during the period. Bleakley Financial Group LLC’s holdings in Fiserv were worth $4,029,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Sanders Capital LLC bought a new position in Fiserv in the 3rd quarter worth about $764,543,000. Barclays PLC raised its holdings in shares of Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after acquiring an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after acquiring an additional 4,218 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Fiserv by 9.2% during the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after purchasing an additional 93,508 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE:FI opened at $231.05 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm’s fifty day simple moving average is $208.61 and its 200 day simple moving average is $192.51. The stock has a market cap of $131.45 billion, a P/E ratio of 44.43, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $140.26 and a twelve month high of $232.25.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. As a group, research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Mizuho raised their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Stephens lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. UBS Group raised their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Compass Point initiated coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $232.13.

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.