Swedbank AB Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

Swedbank AB grew its position in Fiserv, Inc. (NYSE:FI) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,770 shares of the business services provider’s stock after buying an additional 7,603 shares during the quarter. Swedbank AB’s holdings in Fiserv were worth $60,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC lifted its position in shares of Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares in the last quarter. SVB Wealth LLC boosted its position in Fiserv by 1.6% in the 1st quarter. SVB Wealth LLC now owns 9,982 shares of the business services provider’s stock valued at $1,595,000 after buying an additional 161 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in Fiserv by 3.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,855 shares of the business services provider’s stock valued at $2,854,000 after buying an additional 513 shares during the period. Tidal Investments LLC grew its stake in shares of Fiserv by 30.1% in the first quarter. Tidal Investments LLC now owns 36,199 shares of the business services provider’s stock worth $5,783,000 after acquiring an additional 8,377 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Fiserv during the first quarter worth $218,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Jefferies Financial Group boosted their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Oppenheimer initiated coverage on shares of Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price on the stock. Tigress Financial lifted their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Robert W. Baird increased their price objective on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, Susquehanna lifted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $214.29.

Fiserv Stock Performance

NYSE FI opened at $221.56 on Monday. The firm has a market cap of $126.05 billion, a P/E ratio of 42.61, a P/E/G ratio of 1.66 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $125.42 and a 52-week high of $222.05. The business’s 50-day moving average price is $195.77 and its 200 day moving average price is $171.00. 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 released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $4,468,394.81. Following the transaction, 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. In the last three months, insiders have sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is owned by company insiders.

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.