APG Asset Management N.V. Has $85.93 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

APG Asset Management N.V. grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 315.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 433,161 shares of the business services provider’s stock after buying an additional 329,000 shares during the quarter. APG Asset Management N.V.’s holdings in Fiserv were worth $85,929,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Fiserv in the 4th quarter worth about $1,406,452,000. Raymond James Financial Inc. bought a new position in Fiserv during the 4th quarter valued at $614,982,000. Alliancebernstein L.P. boosted its holdings in Fiserv by 65.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider’s stock worth $1,116,919,000 after acquiring an additional 2,153,554 shares during the last quarter. FMR LLC grew its stake in shares of Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Fiserv by 16.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock valued at $1,649,705,000 after purchasing an additional 1,121,597 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction 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 owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of research analyst reports. Susquehanna boosted their target price on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. The Goldman Sachs Group raised Fiserv from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $246.00 to $260.00 in a research report on Wednesday, April 2nd. BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Royal Bank of Canada increased their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley raised their target price on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $243.64.

Fiserv Trading Down 0.3 %

Shares of Fiserv stock opened at $198.07 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. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The firm has a market cap of $111.17 billion, a PE ratio of 36.75, a PEG ratio of 1.52 and a beta of 0.91. The company has a 50 day simple moving average of $222.55 and a two-hundred day simple moving average of $209.79.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) 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%. Analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a share buyback plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

About Fiserv

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.