Healthcare of Ontario Pension Plan Trust Fund Acquires 24,902 Shares of Fiserv, Inc. (NYSE:FI)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2,490,200.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,903 shares of the business services provider’s stock after acquiring an additional 24,902 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Fiserv were worth $4,474,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FI. Sanders Capital LLC bought a new position in Fiserv in the 3rd quarter valued at about $764,543,000. FMR LLC increased its stake in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Maj Invest Holding A S acquired a new stake in Fiserv during the 3rd quarter worth approximately $172,993,000. Manning & Napier Advisors LLC bought a new stake in Fiserv in the 2nd quarter valued at $105,031,000. Finally, Mizuho Securities USA LLC grew its holdings in Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 0.2 %

Shares of FI stock opened at $220.96 on Friday. Fiserv, Inc. has a twelve month low of $128.43 and a twelve month high of $223.23. The stock’s fifty day simple moving average is $200.25 and its 200 day simple moving average is $173.23. 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 has a market capitalization of $125.71 billion, a P/E ratio of 42.49, a P/E/G ratio of 1.70 and a beta of 0.92.

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

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on 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 approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 235,821 shares of company stock worth $44,299,745. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FI. Morgan Stanley lifted their target price on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Compass Point initiated coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Stephens increased their price target on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Four investment 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 company. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

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.