AustralianSuper Pty Ltd Buys 39,684 Shares of Fiserv, Inc. (NYSE:FI)

AustralianSuper Pty Ltd grew its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 366.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,524 shares of the business services provider's stock after buying an additional 39,684 shares during the period. AustralianSuper Pty Ltd's holdings in Fiserv were worth $11,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American National Bank & Trust increased its position in Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after purchasing an additional 1,983 shares during the last quarter. Evercore Wealth Management LLC bought a new stake in Fiserv in the fourth quarter worth $54,981,000. Norges Bank bought a new stake in Fiserv in the fourth quarter worth $1,406,452,000. Beck Mack & Oliver LLC increased its position in Fiserv by 0.5% in the fourth quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock worth $105,463,000 after purchasing an additional 2,589 shares during the last quarter. Finally, Ethic Inc. boosted its stake in Fiserv by 15.0% during the fourth quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock worth $20,958,000 after buying an additional 13,325 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of NYSE FI opened at $165.78 on Friday. The business's 50 day moving average price is $167.76 and its 200 day moving average price is $196.77. The firm has a market cap of $91.91 billion, a P/E ratio of 29.29, a P/E/G ratio of 1.01 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $154.17 and a 52 week high of $238.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.88 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Mizuho set a $200.00 target price on shares of Fiserv in a research note on Thursday, May 15th. Wall Street Zen started coverage on shares of Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Finally, UBS Group lowered their target price on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $220.59.

Insiders Place Their Bets

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

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.

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