National Pension Service Invests $134.63 Million in Fiserv, Inc. (NYSE:FI)

National Pension Service purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,013,451 shares of the business services provider’s stock, valued at approximately $134,627,000. National Pension Service owned 0.17% of Fiserv as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Vanguard Group Inc. raised its holdings in shares of Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after acquiring an additional 789,232 shares in the last quarter. Northern Trust Corp raised its stake in shares of Fiserv by 2.7% during the 3rd quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock worth $724,848,000 after purchasing an additional 168,286 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Fiserv by 5.2% during the 3rd quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock valued at $588,252,000 after buying an additional 258,036 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $450,830,000. Finally, California Public Employees Retirement System increased its holdings in Fiserv by 1.8% in the third quarter. California Public Employees Retirement System now owns 3,340,624 shares of the business services provider’s stock worth $377,357,000 after buying an additional 60,176 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a research note on Thursday, January 11th. B. Riley upped their price target on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. StockNews.com assumed coverage on Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating on the stock. KeyCorp boosted their target price on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets increased their price target on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Stock Performance

Fiserv stock traded up $0.25 on Wednesday, hitting $153.29. The company’s stock had a trading volume of 2,213,611 shares, compared to its average volume of 2,557,049. The company has a fifty day moving average price of $152.78 and a 200-day moving average price of $139.96. The firm has a market cap of $89.69 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last quarter. 0.75% of the stock is owned by corporate insiders.

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.