Fiserv, Inc. (NYSE:FI) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 120,083 shares of the business services provider’s stock after acquiring an additional 786 shares during the period. CIBC Asset Management Inc’s holdings in Fiserv were worth $24,667,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sanders Capital LLC acquired a new position in Fiserv in the third quarter valued at approximately $764,543,000. FMR LLC grew its holdings in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Fiserv in the 4th quarter valued at about $97,254,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI opened at $230.85 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market cap of $131.34 billion, a PE ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a 50-day simple moving average of $210.77 and a 200-day simple moving average of $196.17. Fiserv, Inc. has a 12 month low of $145.44 and a 12 month high of $233.26.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, equities analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FI shares. TD Cowen boosted their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. UBS Group lifted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup raised their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “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.