Cullen Investment Group LTD. Buys 78 Shares of Fiserv, Inc. (NYSE:FI)

Cullen Investment Group LTD. raised its stake in shares of Fiserv, Inc. (NYSE:FIFree Report) by 0.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,819 shares of the business services provider’s stock after acquiring an additional 78 shares during the period. Cullen Investment Group LTD.’s holdings in Fiserv were worth $2,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Fiserv by 17.8% during the 3rd 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 period. Massachusetts Financial Services Co. MA raised its stake in shares of Fiserv by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after purchasing an additional 64,332 shares during the last quarter. Legal & General Group Plc lifted its holdings in Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after acquiring an additional 85,598 shares during the period. Sanders Capital LLC acquired a new position in shares of Fiserv during the third quarter valued at approximately $764,543,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Fiserv by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock valued at $441,173,000 after acquiring an additional 225,159 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $201.63 on Tuesday. The company’s fifty day moving average price is $209.66 and its 200-day moving average price is $185.68. 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, Inc. has a one year low of $135.97 and a one year high of $223.23. The firm has a market capitalization of $114.71 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FIGet Free Report) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.90 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Tigress Financial increased their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Mizuho raised their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group upped their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $222.88.

Check Out Our Latest Stock Report on FI

Fiserv Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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