Swiss National Bank Acquires New Holdings in Fiserv, Inc. (NYSE:FI)

Swiss National Bank purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,906,286 shares of the business services provider’s stock, valued at approximately $253,231,000. Swiss National Bank owned about 0.32% of Fiserv at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in shares of Fiserv in the third quarter worth about $5,705,241,000. California Public Employees Retirement System bought a new stake in Fiserv during the fourth quarter valued at $423,780,000. Pittenger & Anderson Inc. purchased a new position in Fiserv during the fourth quarter worth about $400,079,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Fiserv in the 4th quarter valued at about $422,884,000. Finally, Nordea Investment Management AB purchased a new position in shares of Fiserv during the fourth quarter worth about $351,525,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Up 0.0 %

FI stock traded up $0.05 during midday trading on Friday, hitting $149.22. The company’s stock had a trading volume of 2,908,470 shares, compared to its average volume of 2,572,780. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The firm has a 50-day simple moving average of $152.77 and a 200-day simple moving average of $138.79. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $87.31 billion, a P/E ratio of 27.89, a PEG ratio of 1.20 and a beta of 0.92.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on FI. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. StockNews.com initiated coverage on Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating on the stock. Mizuho restated a “buy” rating and issued a $156.00 price target on shares of Fiserv in a research note on Wednesday, March 27th. Stephens reiterated an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Finally, Morgan Stanley upped their price target on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv 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.