Zurcher Kantonalbank Zurich Cantonalbank Makes New $29.04 Million Investment in Fiserv, Inc. (NYSE:FI)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 218,624 shares of the business services provider’s stock, valued at approximately $29,042,000.

Other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank bought a new position in Fiserv in the 2nd quarter worth approximately $200,000. West Oak Capital LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $28,000. Finally, PCA Investment Advisory Services Inc. acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $27,000. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated 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 owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FI. BMO Capital Markets lifted their price objective on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Royal Bank of Canada boosted their price target on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Tigress Financial boosted their price target on Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Finally, Stephens boosted their price target on Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Trading Down 1.2 %

Shares of FI opened at $146.40 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The firm has a market capitalization of $86.19 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The stock’s fifty day simple moving average is $151.56 and its 200-day simple moving average is $135.95.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, research analysts predict that Fiserv, Inc. will post 8.62 earnings per share for the current year.

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.