Mitsubishi UFJ Asset Management Co. Ltd. Acquires 110,854 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Fiserv, Inc. by 12.2%, acquiring an additional 110,854 shares in the first quarter, totaling for 1,018,650 shares.
• Multiple institutional investors adjusted their positions in Fiserv, with 90.98% of the company's stock being held by such entities, indicating strong institutional interest.
• Analysts have mixed outlooks on Fiserv, with price target revisions, including a decrease by UBS Group to $170.00, while others like Tigress Financial raised their target to $250.00, reflecting diverse market sentiment.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,018,650 shares of the business services provider's stock after purchasing an additional 110,854 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of Fiserv worth $224,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vega Investment Solutions purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $28,000. Abound Financial LLC purchased a new stake in shares of Fiserv during the first quarter valued at approximately $38,000. Quarry LP increased its position in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $54,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on FI. Royal Bank Of Canada set a $237.00 price target on Fiserv in a research report on Friday, April 25th. The Goldman Sachs Group decreased their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective for the company. Robert W. Baird reduced their price objective on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Finally, BMO Capital Markets reduced their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Fiserv Price Performance

NYSE FI traded up $0.40 during trading hours on Friday, reaching $133.10. 3,927,627 shares of the stock traded hands, compared to its average volume of 7,009,811. The stock has a 50 day simple moving average of $159.99 and a two-hundred day simple moving average of $190.21. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $72.35 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released 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 return on equity of 19.69% and a net margin of 16.00%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter last year, the business posted $2.13 earnings per share. The company's revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Activity

In other news, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 transaction, the executive vice president owned 25,385 shares in the company, 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 accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated 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 transaction, the insider owned 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. 0.74% of the stock is currently owned by 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.