KBC Group NV Raises Stock Holdings in Fiserv, Inc. (NYSE:FI)

KBC Group NV lifted its holdings in Fiserv, Inc. (NYSE:FI) by 187.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 394,171 shares of the business services provider’s stock after purchasing an additional 257,128 shares during the quarter. KBC Group NV owned 0.07% of Fiserv worth $80,970,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new stake in Fiserv during the fourth quarter worth approximately $11,330,000. Blue Trust Inc. boosted its holdings in shares of Fiserv by 31.7% in the 4th quarter. Blue Trust Inc. now owns 7,233 shares of the business services provider’s stock worth $1,486,000 after purchasing an additional 1,743 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of Fiserv by 125.5% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,713 shares of the business services provider’s stock valued at $1,174,000 after purchasing an additional 3,179 shares during the last quarter. Legacy Financial Group LLC purchased a new stake in Fiserv during the 4th quarter valued at $340,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Fiserv by 4.9% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,057 shares of the business services provider’s stock worth $1,655,000 after buying an additional 375 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.2 %

FI opened at $208.90 on Monday. The firm has a market cap of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94. The stock has a fifty day moving average price of $209.02 and a 200-day moving average price of $189.07. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FI. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Susquehanna increased 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. TD Cowen boosted their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price objective on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

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.