Mediolanum International Funds Ltd Purchases 19,080 Shares of Fiserv, Inc. (NYSE:FI)

Mediolanum International Funds Ltd lifted its stake in Fiserv, Inc. (NYSE:FI) by 9.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 221,311 shares of the business services provider’s stock after buying an additional 19,080 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Fiserv were worth $45,538,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Soros Capital Management LLC grew its holdings in shares of Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 22,884 shares during the last quarter. Czech National Bank grew its holdings in shares of 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 purchasing an additional 6,072 shares during the last quarter. Chiron Investment Management LLC bought a new position in shares of Fiserv in the third quarter worth about $4,709,000. Trust Co. of Vermont grew its holdings in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new position in shares of Fiserv in the fourth quarter worth about $97,254,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.6 %

FI stock opened at $215.91 on Friday. The business has a fifty day moving average price of $208.86 and a 200 day moving average price of $190.36. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The stock has a market capitalization of $122.84 billion, a price-to-earnings ratio of 41.52, a P/E/G ratio of 1.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Analysts Set New Price Targets

Several brokerages have issued reports on FI. Jefferies Financial Group increased their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Oppenheimer increased their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Barclays increased their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Morgan Stanley increased their price target on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada increased their price target on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.75% of the company’s stock.

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.