Fiserv, Inc. (NYSE:FI) Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its position in Fiserv, Inc. (NYSE:FI - Free Report) by 101.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,356 shares of the business services provider's stock after purchasing an additional 84,185 shares during the period. Achmea Investment Management B.V.'s holdings in Fiserv were worth $36,957,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC increased its stake in Fiserv by 2.5% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 6,923 shares of the business services provider's stock valued at $1,529,000 after purchasing an additional 168 shares during the last quarter. Transcend Capital Advisors LLC boosted its position in shares of Fiserv by 60.7% in the first quarter. Transcend Capital Advisors LLC now owns 10,675 shares of the business services provider's stock worth $2,357,000 after acquiring an additional 4,033 shares during the last quarter. Trust Co. of Vermont increased its position in Fiserv by 1.1% during the first quarter. Trust Co. of Vermont now owns 6,912 shares of the business services provider's stock worth $1,526,000 after purchasing an additional 73 shares during the last quarter. Beacon Financial Advisory LLC raised its stake in Fiserv by 1.8% during the first quarter. Beacon Financial Advisory LLC now owns 3,303 shares of the business services provider's stock worth $729,000 after purchasing an additional 59 shares during the period. Finally, PDS Planning Inc boosted its holdings in shares of Fiserv by 1.7% in the 1st quarter. PDS Planning Inc now owns 3,421 shares of the business services provider's stock valued at $755,000 after purchasing an additional 58 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, 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. Insiders own 0.74% of the company's stock.

Fiserv Stock Up 0.6%

FI opened at $171.45 on Friday. The firm has a market cap of $95.06 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.06 and a beta of 0.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The firm's 50-day simple moving average is $174.06 and its 200-day simple moving average is $200.74. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FI. Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective for the company. in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a research report on Friday, April 25th. Wall Street Zen assumed coverage on shares of Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Finally, UBS Group decreased their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $221.23.

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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