Natixis Advisors LLC Raises Stock Position in Fiserv, Inc. (NYSE:FI)

Natixis Advisors LLC lifted its stake in Fiserv, Inc. (NYSE:FI) by 5.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 462,137 shares of the business services provider’s stock after buying an additional 22,913 shares during the quarter. Natixis Advisors LLC’s holdings in Fiserv were worth $83,023,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after buying an additional 1,306,901 shares during the period. Capital World Investors lifted its position in Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after acquiring an additional 1,303,078 shares during the period. Maj Invest Holding A S purchased a new position in Fiserv during the 3rd quarter valued at about $172,993,000. Manning & Napier Advisors LLC purchased a new stake in Fiserv in the second quarter worth about $105,031,000. Finally, Mizuho Securities USA LLC increased its stake in shares of Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.0 %

Shares of NYSE:FI opened at $210.92 on Friday. The stock has a 50 day moving average of $191.36 and a 200 day moving average of $168.54. The company has a market cap of $120.00 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. Fiserv, Inc. has a 12-month low of $121.86 and a 12-month high of $215.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.96 EPS. As a group, equities research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 40.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,711 shares of company stock valued at $47,477,232 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BTIG Research began coverage on Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Robert W. Baird increased their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. The Goldman Sachs Group lifted their price target on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Oppenheimer assumed coverage on shares of Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective on the stock. Finally, Barclays lifted their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.74.

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.