Robeco Institutional Asset Management B.V. Cuts Stock Holdings in Fiserv, Inc. (NYSE:FI)

Robeco Institutional Asset Management B.V. lessened its holdings in Fiserv, Inc. (NYSE:FI) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,240,855 shares of the business services provider’s stock after selling 83,743 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.22% of Fiserv worth $254,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Clean Yield Group lifted its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fiserv in the 3rd quarter worth $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv during the 3rd quarter worth $44,000. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FI. Wells Fargo & Company raised their price target on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Royal Bank of Canada lifted their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Citigroup upped their price target on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. KeyCorp lifted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Mizuho upped their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Stock Down 0.6 %

Shares of NYSE FI opened at $211.90 on Wednesday. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. 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 company’s 50-day simple moving average is $208.96 and its 200-day simple moving average is $190.20. The firm has a market cap of $120.55 billion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94.

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.