167,375 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 167,375 shares of the business services provider’s stock, valued at approximately $22,234,000.

Several other institutional investors have also made changes to their positions in FI. Naples Global Advisors LLC raised its position in Fiserv by 6.9% during the third quarter. Naples Global Advisors LLC now owns 3,258 shares of the business services provider’s stock valued at $368,000 after acquiring an additional 211 shares in the last quarter. DAVENPORT & Co LLC raised its position in Fiserv by 18.0% during the third quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock valued at $1,483,000 after acquiring an additional 2,002 shares in the last quarter. Bellecapital International Ltd. raised its position in Fiserv by 0.8% during the third quarter. Bellecapital International Ltd. now owns 73,331 shares of the business services provider’s stock valued at $8,283,000 after acquiring an additional 615 shares in the last quarter. Meridian Wealth Management LLC raised its position in Fiserv by 76.4% during the third quarter. Meridian Wealth Management LLC now owns 11,612 shares of the business services provider’s stock valued at $1,312,000 after acquiring an additional 5,031 shares in the last quarter. Finally, KFG Wealth Management LLC raised its position in Fiserv by 14.3% during the third quarter. KFG Wealth Management LLC now owns 3,507 shares of the business services provider’s stock valued at $396,000 after acquiring an additional 439 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of FI stock opened at $148.80 on Tuesday. The business’s 50-day moving average price is $151.90 and its 200-day moving average price is $136.94. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The firm has a market capitalization of $87.61 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.21 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the firm posted $1.91 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts forecast that Fiserv, Inc. will post 8.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a research report on Thursday, January 11th. StockNews.com initiated coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating on the stock. Finally, Morgan Stanley boosted their target price on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $157.79.

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.