Fiserv, Inc. (NYSE:FI) Stake Boosted by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,688 shares of the business services provider’s stock after purchasing an additional 1,626 shares during the period. Sumitomo Life Insurance Co.’s holdings in Fiserv were worth $4,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FI. Soros Capital Management LLC boosted its holdings in shares of Fiserv by 71.7% in the 3rd 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 period. Czech National Bank lifted its holdings in Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after acquiring an additional 6,072 shares during the last quarter. Chiron Investment Management LLC acquired a new position in Fiserv in the third quarter valued at approximately $4,709,000. Trust Co. of Vermont grew its holdings in shares of Fiserv by 170.4% during 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 purchasing an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $97,254,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FI. Stephens restated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a research note on Thursday, January 2nd. TD Cowen upped their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Mizuho lifted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets upped their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company lifted their price target on Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Trading Down 0.6 %

Shares of NYSE:FI opened at $211.90 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $120.55 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23. The company has a 50 day moving average price of $209.03 and a 200 day moving average price of $189.79.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

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.