Mirae Asset Global Investments Co. Ltd. Has $12.40 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Fiserv, Inc. (NYSE:FI) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,468 shares of the business services provider’s stock after acquiring an additional 5,667 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Fiserv were worth $12,398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Soros Capital Management LLC grew its holdings in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the period. Czech National Bank lifted its position in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after acquiring an additional 6,072 shares during the period. Chiron Investment Management LLC bought a new position in Fiserv during the third quarter worth $4,709,000. Trust Co. of Vermont grew its holdings in 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 period. Finally, Cardano Risk Management B.V. bought a new stake in Fiserv in the fourth quarter valued at $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv 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 completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $231.05 on Friday. The firm has a market cap of $131.45 billion, a P/E ratio of 44.43, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $208.61 and its 200-day moving average is $192.51. Fiserv, Inc. has a 12-month low of $140.26 and a 12-month high of $232.25.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Sell-side analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Mizuho increased their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Oppenheimer upped their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $232.13.

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.