Metis Global Partners LLC Has $4.08 Million Position in Fiserv, Inc. (NYSE:FI)

Metis Global Partners LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,698 shares of the business services provider’s stock after acquiring an additional 132 shares during the quarter. Metis Global Partners LLC’s holdings in Fiserv were worth $4,078,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in 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 valued at $519,690,000 after acquiring an additional 1,306,901 shares during the last quarter. Capital World Investors lifted its holdings in Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after buying an additional 1,303,078 shares during the period. Maj Invest Holding A S acquired a new position in Fiserv during the 3rd quarter worth about $172,993,000. Manning & Napier Advisors LLC bought a new position in shares of Fiserv during the second quarter worth about $105,031,000. Finally, American Century Companies Inc. lifted its stake in shares of 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 worth $74,556,000 after acquiring an additional 471,531 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 40.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,711 shares of company stock worth $47,477,232 over the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $210.87 on Friday. Fiserv, Inc. has a 52 week low of $121.86 and a 52 week high of $215.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $189.77 and a 200-day moving average price of $167.73. The company has a market cap of $119.97 billion, a PE ratio of 40.55, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the firm posted $1.96 EPS. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stephens upped their target price on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. KeyCorp upped their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen lifted their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.25.

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.