Robeco Institutional Asset Management B.V. Makes New Investment in Fiserv, Inc. (NYSE:FI)

Robeco Institutional Asset Management B.V. acquired a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 951,152 shares of the business services provider’s stock, valued at approximately $1,336,000. Robeco Institutional Asset Management B.V. owned about 0.16% of Fiserv at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Meritage Portfolio Management bought a new stake in shares of Fiserv in the fourth quarter valued at $995,000. Piscataqua Savings Bank bought a new stake in shares of Fiserv in the fourth quarter valued at $67,000. GHP Investment Advisors Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at $78,000. Liberty Capital Management Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in shares of Fiserv in the fourth quarter valued at $84,583,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FI shares. Susquehanna boosted their target price on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. BMO Capital Markets boosted their price objective on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Mizuho boosted their price objective on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com initiated coverage on Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating on the stock. Finally, Royal Bank of Canada boosted their price objective on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.83.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last ninety days. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

FI opened at $152.61 on Thursday. The stock has a 50-day moving average price of $153.49 and a 200-day moving average price of $142.77. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $89.29 billion, a P/E ratio of 28.52, a PEG ratio of 1.23 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the business earned $1.58 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Fiserv Company Profile

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.