KBC Group NV Has $24.62 Million Holdings in Fiserv, Inc. (NYSE:FI)

KBC Group NV increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 10.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 137,043 shares of the business services provider’s stock after acquiring an additional 12,413 shares during the period. KBC Group NV’s holdings in Fiserv were worth $24,619,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the first quarter worth $25,000. Family Firm Inc. bought a new position in Fiserv in the 2nd quarter worth $31,000. Clean Yield Group lifted its position in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FI has been the subject of several recent analyst reports. Oppenheimer started coverage on Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. JPMorgan Chase & Co. raised their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Robert W. Baird upped their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Wells Fargo & Company raised their price target on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Stephens upped their price objective on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $207.25.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 40.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 254,711 shares of company stock valued at $47,477,232 in the last 90 days. 0.75% of the stock is owned by insiders.

Fiserv Stock Up 0.0 %

NYSE:FI opened at $210.92 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12-month low of $121.86 and a 12-month high of $215.50. The stock’s fifty day simple moving average is $190.54 and its 200-day simple moving average is $168.03. The firm has a market capitalization of $120.00 billion, a P/E ratio of 40.43, a P/E/G ratio of 1.63 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.96 earnings per share. Equities research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.