Liontrust Investment Partners LLP acquired a new stake in shares of Fiserv, Inc. (NYSE:FI – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 383,834 shares of the business services provider’s stock, valued at approximately $43,385,000. Liontrust Investment Partners LLP owned approximately 0.06% of Fiserv at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of FI. Price T Rowe Associates Inc. MD grew its stake in shares of Fiserv by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,232,748 shares of the business services provider’s stock worth $5,380,233,000 after acquiring an additional 4,926,365 shares in the last quarter. Geode Capital Management LLC grew its position in Fiserv by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 12,272,065 shares of the business services provider’s stock valued at $1,238,086,000 after purchasing an additional 90,190 shares in the last quarter. FMR LLC increased its stake in Fiserv by 106.5% in the 1st quarter. FMR LLC now owns 11,185,985 shares of the business services provider’s stock valued at $1,264,352,000 after buying an additional 5,770,118 shares during the last quarter. Morgan Stanley lifted its position in Fiserv by 131.3% during the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after buying an additional 5,666,145 shares in the last quarter. Finally, Veritas Asset Management LLP lifted its position in Fiserv by 12.0% during the 1st quarter. Veritas Asset Management LLP now owns 8,367,199 shares of the business services provider’s stock worth $945,745,000 after buying an additional 893,910 shares in the last quarter. 89.69% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on FI shares. Jefferies Financial Group boosted their target price on shares of Fiserv from $120.00 to $130.00 in a report on Wednesday, July 19th. Raymond James raised their target price on shares of Fiserv from $144.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Susquehanna boosted their price target on Fiserv from $140.00 to $170.00 in a research report on Thursday, July 27th. Argus raised their target price on shares of Fiserv from $140.00 to $150.00 in a research note on Thursday, July 27th. Finally, Stephens raised their price target on shares of Fiserv from $125.00 to $135.00 in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.90.
Insider Buying and Selling
In other Fiserv news, COO Guy Chiarello sold 6,750 shares of Fiserv stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $121.92, for a total transaction of $822,960.00. Following the completion of the transaction, the chief operating officer now owns 167,106 shares in the company, valued at approximately $20,373,563.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 20,250 shares of company stock worth $2,512,688 in the last ninety days. Corporate insiders own 18.20% of the company’s stock.
Fiserv Trading Down 1.2 %
NYSE FI traded down $1.50 during mid-day trading on Friday, reaching $121.60. 2,263,789 shares of the stock were exchanged, compared to its average volume of 1,837,069. The stock has a market cap of $74.13 billion, a P/E ratio of 30.63, a P/E/G ratio of 1.27 and a beta of 0.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.10 and a quick ratio of 1.10. Fiserv, Inc. has a one year low of $91.55 and a one year high of $130.74. The stock has a 50 day simple moving average of $124.70 and a 200-day simple moving average of $119.14.
Fiserv (NYSE:FI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.81. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.54 billion. Fiserv had a return on equity of 14.15% and a net margin of 13.60%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.56 earnings per share. On average, analysts anticipate that Fiserv, Inc. will post 7.44 EPS for the current year.
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
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