Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Fiserv, Inc. (NYSE:FI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 20.8% in the third quarter, HoldingsChannel.com reports. The fund owned 264,546 shares of the business services provider’s stock after purchasing an additional 45,596 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fiserv were worth $47,526,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FI. Family Firm Inc. acquired a new position in shares of Fiserv in the second quarter valued at approximately $31,000. Clean Yield Group grew its stake in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its position in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Newbridge Financial Services Group Inc. raised its stake in shares of Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in Fiserv in the third quarter valued at $40,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 235,821 shares of company stock worth $44,299,745 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.8 %

Shares of Fiserv stock opened at $220.59 on Friday. The firm has a market cap of $125.50 billion, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $126.68 and a 52-week high of $223.23. The company’s 50-day simple moving average is $199.38 and its 200-day simple moving average is $172.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the firm earned $1.96 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FI shares. Robert W. Baird increased their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Barclays boosted their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. UBS Group increased their target price on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price target on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.29.

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.