4,600 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Board of the Pension Protection Fund

Board of the Pension Protection Fund bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, Holdings Channel reports. The fund bought 4,600 shares of the business services provider’s stock, valued at approximately $945,000. Fiserv accounts for 1.1% of Board of the Pension Protection Fund’s investment portfolio, making the stock its 29th largest holding.

Several other large investors have also modified their holdings of the business. FMR LLC boosted its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Legal & General Group Plc grew its position in shares of Fiserv by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after buying an additional 85,598 shares during the last quarter. Sanders Capital LLC bought a new position in shares of Fiserv during the 3rd quarter worth approximately $764,543,000. Dimensional Fund Advisors LP lifted its position in Fiserv by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock valued at $441,173,000 after acquiring an additional 225,159 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Fiserv by 2.5% in the second quarter. Blair William & Co. IL now owns 2,171,391 shares of the business services provider’s stock valued at $323,624,000 after acquiring an additional 52,748 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.5 %

Shares of Fiserv stock opened at $204.56 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $116.38 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The firm has a 50-day simple moving average of $209.69 and a two-hundred day simple moving average of $186.07. Fiserv, Inc. has a fifty-two week low of $135.97 and a fifty-two week high of $223.23.

Fiserv (NYSE:FI) last posted its quarterly 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 during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FI shares. JPMorgan Chase & Co. increased their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays increased their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Stephens restated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a report on Thursday, January 2nd. The Goldman Sachs Group increased their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, TD Cowen upped their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $223.17.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock worth $18,581,095 in the last 90 days. Insiders own 0.75% of the company’s stock.

About Fiserv

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.