Fiserv, Inc. (NYSE:FI) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,795 shares of the business services provider’s stock after selling 2,120 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Fiserv were worth $4,739,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD acquired a new stake in Fiserv in the fourth quarter valued at $5,885,279,000. Capital World Investors bought a new position in Fiserv during the 4th quarter worth approximately $2,329,623,000. Veritas Asset Management LLP acquired a new position in Fiserv in the fourth quarter worth $927,298,000. Parnassus Investments LLC acquired a new position in shares of Fiserv in the 4th quarter valued at about $900,674,000. Finally, Norges Bank acquired a new position in Fiserv in the fourth quarter valued at approximately $874,377,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders sold 90,890 shares of company stock valued at $14,416,687 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.7 %

Shares of FI stock opened at $174.89 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $175.48. The firm’s fifty day simple moving average is $163.69 and its 200 day simple moving average is $155.84. The firm has a market capitalization of $102.33 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93.

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

Analyst Ratings Changes

Several brokerages recently weighed in on FI. Keefe, Bruyette & Woods lifted their price objective on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. TD Cowen increased their price target on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada upped their target price on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.32.

Fiserv Company 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.