Livforsakringsbolaget Skandia Omsesidigt Buys 7,062 Shares of Fiserv, Inc. (NYSE:FI)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Fiserv, Inc. (NYSE:FI) by 45.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,571 shares of the business services provider’s stock after purchasing an additional 7,062 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Fiserv were worth $4,055,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after buying an additional 1,306,901 shares during the last quarter. Capital World Investors lifted its stake in shares of Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares during the period. Maj Invest Holding A S bought a new position in shares of Fiserv in the 3rd quarter worth $172,993,000. Manning & Napier Advisors LLC acquired a new stake in shares of Fiserv during the second quarter worth $105,031,000. Finally, American Century Companies Inc. increased its holdings in Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after purchasing an additional 471,531 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the subject of several analyst reports. Oppenheimer began coverage on Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Barclays increased their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday. William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.84.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,890 shares of company stock valued at $36,572,057. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 1.3 %

Fiserv stock opened at $190.35 on Friday. The company has a market cap of $109.59 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 1.44 and a beta of 0.93. The firm has a 50-day moving average of $173.30 and a 200-day moving average of $159.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a one year low of $109.11 and a one year high of $191.23.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 earnings per share. On average, equities analysts expect that Fiserv, Inc. will post 8.74 earnings per share 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.