Fiserv, Inc. (NYSE:FI) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 29.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,878,455 shares of the business services provider's stock after purchasing an additional 654,228 shares during the period. Fiserv makes up 0.7% of Pictet Asset Management Holding SA's investment portfolio, making the stock its 26th largest position. Pictet Asset Management Holding SA owned 0.52% of Fiserv worth $635,308,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its stake in 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 in the last quarter. Rappaport Reiches Capital Management LLC lifted its stake in Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after acquiring an additional 48 shares in the last quarter. Adero Partners LLC lifted its stake in Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after acquiring an additional 55 shares in the last quarter. Oakworth Capital Inc. lifted its stake in Fiserv by 5.6% during the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after acquiring an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock worth $206,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group reduced their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Keefe, Bruyette & Woods dropped their price objective on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Royal Bank Of Canada set a $237.00 price objective on Fiserv in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.59.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated 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 owned 25,385 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the business's 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 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 owned by insiders.

Fiserv Price Performance

Shares of FI traded down $1.57 during mid-day trading on Friday, hitting $165.78. The company's stock had a trading volume of 3,993,573 shares, compared to its average volume of 3,427,927. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The firm has a 50-day simple moving average of $167.76 and a 200 day simple moving average of $196.83. The firm has a market capitalization of $91.91 billion, a P/E ratio of 29.29, a P/E/G ratio of 1.02 and a beta of 0.91. Fiserv, Inc. has a 1-year low of $154.17 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) 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 return on equity of 18.74% and a net margin of 15.68%. Fiserv's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share. Analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.