Nomura Holdings Inc. Grows Stake in Fiserv, Inc. (NYSE:FI)

Nomura Holdings Inc. grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 172.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,951 shares of the business services provider's stock after buying an additional 19,609 shares during the quarter. Nomura Holdings Inc.'s holdings in Fiserv were worth $6,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Geode Capital Management LLC raised its position in shares of Fiserv by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock valued at $2,435,280,000 after buying an additional 218,833 shares during the last quarter. FMR LLC raised its holdings in Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Fiserv by 16.2% in 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 purchasing an additional 1,121,597 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 340,938 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Fiserv during the 4th quarter worth approximately $1,406,452,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company's stock, valued at $53,637,326.05. This trade represents a 16.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on FI. Susquehanna cut their price target on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group lowered their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday. Redburn Atlantic reissued a "sell" rating and set a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. Morgan Stanley reissued an "overweight" rating and set a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Finally, Piper Sandler set a $218.00 price objective on Fiserv in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have assigned 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 target price of $225.80.

Fiserv Trading Up 1.6%

FI traded up $2.61 during mid-day trading on Monday, hitting $169.27. 5,834,819 shares of the stock were exchanged, compared to its average volume of 2,997,776. The firm's fifty day moving average is $202.24 and its two-hundred day moving average is $210.41. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59. 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 company has a market cap of $93.85 billion, a PE ratio of 31.40, a PEG ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Fiserv's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 EPS. Equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved a share repurchase plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is 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.