C WorldWide Group Holding A S Acquires New Position in Fiserv, Inc. (NYSE:FI)

C WorldWide Group Holding A S bought a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,979,958 shares of the business services provider’s stock, valued at approximately $263,018,000. Fiserv comprises approximately 3.5% of C WorldWide Group Holding A S’s portfolio, making the stock its 11th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Hollencrest Capital Management boosted its position in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares during the period. West Oak Capital LLC acquired a new position in Fiserv during the 4th quarter worth $27,000. Halpern Financial Inc. bought a new position in shares of Fiserv in the fourth quarter worth $27,000. Fortitude Family Office LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in shares of Fiserv during the fourth quarter valued at about $31,000. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,847,871.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Up 1.7 %

Shares of Fiserv stock traded up $2.60 during midday trading on Friday, reaching $155.89. 3,196,489 shares of the company’s stock traded hands, compared to its average volume of 2,315,910. The company has a market cap of $91.21 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company’s 50 day simple moving average is $152.54 and its 200 day simple moving average is $137.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating 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 business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Susquehanna lifted their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. KeyCorp increased their price target on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Royal Bank of Canada boosted their price objective on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a research report on Thursday, January 11th. Six investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

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.