KBC Group NV Has $24.62 Million Stake in Fiserv, Inc. (NYSE:FI)

KBC Group NV grew its position in Fiserv, Inc. (NYSE:FI) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,043 shares of the business services provider’s stock after purchasing an additional 12,413 shares during the period. KBC Group NV’s holdings in Fiserv were worth $24,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank lifted its stake in Fiserv by 0.6% in the 3rd quarter. Huntington National Bank now owns 510,938 shares of the business services provider’s stock valued at $91,790,000 after acquiring an additional 2,853 shares in the last quarter. Plato Investment Management Ltd raised its holdings in shares of Fiserv by 3.8% in the third quarter. Plato Investment Management Ltd now owns 21,490 shares of the business services provider’s stock valued at $3,857,000 after purchasing an additional 779 shares during the last quarter. Schrum Private Wealth Management LLC acquired a new stake in shares of Fiserv in the third quarter valued at approximately $216,000. Pinnacle Financial Partners Inc lifted its position in shares of Fiserv by 0.6% in the third quarter. Pinnacle Financial Partners Inc now owns 67,546 shares of the business services provider’s stock worth $12,135,000 after purchasing an additional 415 shares in the last quarter. Finally, Dillon & Associates Inc. boosted its holdings in Fiserv by 10.1% during the third quarter. Dillon & Associates Inc. now owns 69,409 shares of the business services provider’s stock worth $12,494,000 after purchasing an additional 6,373 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the 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 directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 254,711 shares of company stock valued at $47,477,232 in the last quarter. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $210.92 on Friday. The firm has a market cap of $120.00 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. The business’s 50 day moving average is $190.54 and its 200-day moving average is $168.03. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1-year low of $121.86 and a 1-year high of $215.50.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping 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 firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the business earned $1.96 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada increased their price objective on Fiserv from $183.00 to $224.00 and gave the company an “outperform” 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.25.

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.