7,800,497 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Nuveen LLC

Nuveen LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,800,497 shares of the business services provider’s stock, valued at approximately $1,722,584,000. Nuveen LLC owned approximately 1.41% of Fiserv as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Kestra Private Wealth Services LLC increased its stake in Fiserv by 3.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider’s stock worth $1,743,000 after purchasing an additional 230 shares in the last quarter. American National Bank & Trust grew its stake in shares of Fiserv by 2.4% during the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock worth $18,956,000 after acquiring an additional 1,983 shares in the last quarter. Evercore Wealth Management LLC bought a new position in shares of Fiserv during the 4th quarter worth approximately $54,981,000. Meridian Wealth Advisors LLC grew its stake in shares of Fiserv by 4.1% during the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider’s stock worth $5,933,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Beck Mack & Oliver LLC grew its stake in shares of Fiserv by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider’s stock worth $105,463,000 after acquiring an additional 2,589 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

FI has been the subject of several recent analyst reports. KeyCorp cut their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. BMO Capital Markets cut their price objective on Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Jefferies Financial Group cut their price objective on Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a report on Tuesday, May 27th. Barclays set a $175.00 price target on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Morgan Stanley cut their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $207.08.

Fiserv Trading Up 0.3%

FI opened at $133.10 on Friday. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The company has a 50-day simple moving average of $159.99 and a 200 day simple moving average of $190.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $72.35 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 0.87 and a beta of 0.91.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter in the prior year, the business posted $2.13 earnings per share. Fiserv’s revenue was up 8.0% compared to the same quarter last year. Analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Activity

In related news, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president owned 25,385 shares of the company’s stock, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company’s stock, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

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.