Fiserv, Inc. (NYSE:FI) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 285.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 83,171 shares of the business services provider’s stock after acquiring an additional 61,603 shares during the period. Achmea Investment Management B.V.’s holdings in Fiserv were worth $17,085,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FI. Soros Capital Management LLC raised its position in shares of Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after buying an additional 22,884 shares during the last quarter. Czech National Bank raised its position in shares of Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares during the last quarter. Chiron Investment Management LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $4,709,000. Trust Co. of Vermont raised its position in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Fiserv in the fourth quarter valued at about $97,254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Down 1.1 %

FI stock opened at $211.10 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The company’s 50 day moving average is $218.77 and its two-hundred day moving average is $204.05. The stock has a market cap of $118.49 billion, a P/E ratio of 39.17, a PEG ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has authorized a share repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FI shares. Stephens upped their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. BMO Capital Markets increased their target price on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Oppenheimer increased their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Barclays increased their target price on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, KeyCorp increased their target price on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $239.83.

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.