Nissay Asset Management Corp Japan ADV Has $14.95 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Nissay Asset Management Corp Japan ADV lessened its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,870 shares of the business services provider's stock after selling 1,561 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Fiserv were worth $14,945,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Fiserv by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after buying an additional 218,833 shares during the last quarter. FMR LLC increased its holdings in shares of Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after purchasing an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Fiserv by 16.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after buying an additional 1,121,597 shares during the period. Nuveen Asset Management LLC increased its stake in Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after acquiring an additional 340,938 shares during the period. Finally, Norges Bank acquired a new stake in shares of Fiserv in the 4th quarter valued at $1,406,452,000. Institutional investors own 90.98% of the company's stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. This trade represents a 16.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.74% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FI. JPMorgan Chase & Co. decreased their price objective on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research report on Monday. Morgan Stanley reissued an "overweight" rating and issued a $268.00 price target (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. UBS Group decreased their price objective on Fiserv from $265.00 to $255.00 and set a "buy" rating on the stock in a report on Friday, April 25th. KeyCorp upped their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Citigroup dropped their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $225.80.

Fiserv Trading Down 1.6%

NYSE:FI traded down $2.64 on Tuesday, hitting $166.50. 1,624,123 shares of the stock were exchanged, compared to its average volume of 2,992,840. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The stock has a market cap of $92.31 billion, a PE ratio of 30.91, a PEG ratio of 1.52 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a fifty day moving average of $201.41 and a 200-day moving average of $210.18.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the firm posted $1.88 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.