Fiserv, Inc. (NYSE:FI) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,418 shares of the business services provider's stock after acquiring an additional 11,007 shares during the period. Asset Management One Co. Ltd.'s holdings in Fiserv were worth $52,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LaFleur & Godfrey LLC increased its holdings in shares of Fiserv by 0.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after purchasing an additional 75 shares in the last quarter. Brighton Jones LLC grew its position in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after buying an additional 2,033 shares during the period. Howard Capital Management Inc. grew its position in Fiserv by 6.9% during the fourth quarter. Howard Capital Management Inc. now owns 4,025 shares of the business services provider's stock valued at $827,000 after buying an additional 260 shares during the period. MONECO Advisors LLC increased its holdings in Fiserv by 8.5% in the fourth quarter. MONECO Advisors LLC now owns 3,897 shares of the business services provider's stock valued at $801,000 after buying an additional 305 shares in the last quarter. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Fiserv in the fourth quarter worth about $50,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup dropped their target price on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group lowered their price target on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Susquehanna cut their price objective on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Piper Sandler set a $218.00 target price on Fiserv in a research report on Friday, April 25th. Finally, Redburn Atlantic reaffirmed a "sell" rating and set a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $221.23.

Fiserv Stock Down 1.2%

NYSE:FI traded down $2.13 during midday trading on Wednesday, hitting $170.53. 4,124,383 shares of the company were exchanged, compared to its average volume of 3,331,649. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $94.55 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. The company has a fifty day simple moving average of $174.80 and a 200 day simple moving average of $200.95.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. Fiserv's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider now owns 53,385 shares in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Fiserv Company 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.