KLP Kapitalforvaltning AS Has $47.44 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

KLP Kapitalforvaltning AS raised its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,836 shares of the business services provider's stock after purchasing an additional 3,900 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Fiserv were worth $47,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Fiserv by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after acquiring an additional 44 shares during the period. Rappaport Reiches Capital Management LLC raised its holdings in Fiserv by 3.9% in the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock valued at $282,000 after buying an additional 48 shares during the period. Adero Partners LLC raised its holdings in Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after buying an additional 55 shares during the period. Oakworth Capital Inc. raised its holdings in Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock valued at $235,000 after buying an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock valued at $206,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a report on Monday. KeyCorp cut their price target on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday. UBS Group cut their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. Citigroup cut their price target on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Royal Bank Of Canada set a $237.00 price objective on shares of Fiserv in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $211.63.

Fiserv Stock Performance

Shares of FI traded down $2.81 during midday trading on Thursday, hitting $140.19. 12,899,772 shares of the stock traded hands, compared to its average volume of 4,385,311. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The business's 50 day moving average price is $165.90 and its two-hundred day moving average price is $195.82. 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 has a market capitalization of $77.73 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the prior year, the company earned $2.13 EPS. Fiserv's revenue was up 8.0% on a year-over-year basis. Equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other 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 completion of the sale, the executive vice president directly owned 25,385 shares of the company's stock, 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 SEC, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction 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 sale, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

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.