Natixis Advisors LLC Has $83.02 Million Stake in Fiserv, Inc. (NYSE:FI)

Natixis Advisors LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,137 shares of the business services provider’s stock after acquiring an additional 22,913 shares during the quarter. Natixis Advisors LLC owned 0.08% of Fiserv worth $83,023,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the first quarter valued at approximately $25,000. Clean Yield Group lifted 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 valued at $31,000 after buying 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 in the last quarter. Family Firm Inc. acquired a new stake in shares of Fiserv in the 2nd quarter worth about $31,000. Finally, Kennebec Savings Bank acquired a new position in Fiserv during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The shares were 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 owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This represents a 4.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,711 shares of company stock valued at $47,477,232 over the last three months. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of several analyst reports. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. TD Cowen raised their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their price objective on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Oppenheimer started coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. Finally, Barclays lifted their price target on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.74.

Fiserv Price Performance

FI opened at $210.92 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $120.00 billion, a P/E ratio of 40.56, a PEG ratio of 1.63 and a beta of 0.92. The stock has a 50-day moving average price of $191.36 and a 200-day moving average price of $168.54. Fiserv, Inc. has a 12-month low of $121.86 and a 12-month high of $215.50.

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