Swedbank AB Buys 7,603 Shares of Fiserv, Inc. (NYSE:FI)

Swedbank AB boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,770 shares of the business services provider’s stock after purchasing an additional 7,603 shares during the quarter. Swedbank AB owned about 0.06% of Fiserv worth $60,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC purchased a new position in shares of Fiserv in the 1st quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in Fiserv in the second quarter valued at approximately $31,000. Clean Yield Group grew its holdings in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC increased its position in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Fiserv by 95.5% during the 2nd 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. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. KeyCorp lifted their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna upped their price target on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Finally, Oppenheimer assumed coverage on shares of Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

Insiders Place Their Bets

In related news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Performance

FI opened at $221.56 on Monday. The firm has a fifty day moving average price of $195.77 and a 200 day moving average price of $171.00. Fiserv, Inc. has a 1 year low of $125.42 and a 1 year high of $222.05. The stock has a market cap of $126.05 billion, a P/E ratio of 42.61, a P/E/G ratio of 1.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

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