Fiserv, Inc. $FI Shares Acquired by Factory Mutual Insurance Co.

Key Points

• Factory Mutual Insurance Co. increased its stake in Fiserv by 11.7% in Q2 to 157,000 shares worth $27.07 million, and large moves from Nuveen, JPMorgan, Assenagon, Swedbank and GQG leave institutional ownership at about 90.98%.
• Analysts have cut ratings and targets on Fiserv in late October — including Bernstein downgrading from "outperform" to "market perform" and cutting its target from $205 to $80 — leaving a MarketBeat consensus of "Hold" with an average target of $127.28.
• Fiserv opened at $63.79 (12‑month range $60.95–$238.59), with a market cap of $34.31 billion and a P/E of 9.86; additionally, director Lance M. Fritz bought 10,000 shares at about $65.18, a 324% increase in his position.

Factory Mutual Insurance Co. increased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 157,000 shares of the business services provider's stock after acquiring an additional 16,500 shares during the quarter. Factory Mutual Insurance Co.'s holdings in Fiserv were worth $27,068,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of FI. Nuveen LLC purchased a new stake in shares of Fiserv in the first quarter valued at $1,722,584,000. JPMorgan Chase & Co. grew its holdings in Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after buying an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock valued at $351,550,000 after acquiring an additional 1,842,784 shares during the last quarter. Swedbank AB lifted its holdings in shares of Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider's stock worth $273,916,000 after acquiring an additional 1,247,801 shares during the period. Finally, GQG Partners LLC acquired a new stake in shares of Fiserv in the first quarter worth approximately $265,769,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on FI. Sanford C. Bernstein lowered shares of Fiserv from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $205.00 to $80.00 in a research report on Thursday, October 30th. BTIG Research cut shares of Fiserv from a "buy" rating to a "neutral" rating in a research note on Wednesday, October 29th. Stephens lowered Fiserv from an "overweight" rating to an "equal weight" rating and set a $80.00 target price on the stock. in a research report on Thursday, October 30th. JPMorgan Chase & Co. reduced their target price on Fiserv from $155.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, October 30th. Finally, UBS Group set a $75.00 price target on Fiserv and gave the stock a "neutral" rating in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Fiserv has a consensus rating of "Hold" and an average target price of $127.28.

Fiserv Trading Up 0.1%

NYSE:FI opened at $63.79 on Tuesday. The business's 50-day moving average is $117.30 and its two-hundred day moving average is $144.94. The firm has a market capitalization of $34.31 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a 12 month low of $60.95 and a 12 month high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion during the quarter. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, Director Lance M. Fritz acquired 10,000 shares of the company's stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares of the company's stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.

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.

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