Fiserv, Inc. (NYSE:FI) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Fiserv, Inc. (NYSE:FI) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,393 shares of the business services provider’s stock after acquiring an additional 490 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Fiserv were worth $3,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. S Bank Fund Management Ltd acquired a new stake in Fiserv during the first quarter valued at $346,000. National Pension Service grew its position in Fiserv by 1.6% during the first quarter. National Pension Service now owns 1,052,729 shares of the business services provider’s stock valued at $232,474,000 after buying an additional 16,741 shares during the period. LGT Group Foundation grew its position in Fiserv by 63.1% during the first quarter. LGT Group Foundation now owns 5,836 shares of the business services provider’s stock valued at $1,289,000 after buying an additional 2,257 shares during the period. Thomas Story & Son LLC grew its position in Fiserv by 3.3% during the first quarter. Thomas Story & Son LLC now owns 47,497 shares of the business services provider’s stock valued at $10,489,000 after buying an additional 1,527 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Fiserv by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 437,759 shares of the business services provider’s stock valued at $96,420,000 after buying an additional 4,319 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president owned 25,385 shares of the company’s stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Redburn Atlantic reaffirmed a “sell” rating and set a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. KeyCorp decreased their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a report on Thursday, July 17th. They set a “buy” rating and a $200.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $207.08.

Fiserv Price Performance

Shares of FI stock opened at $134.24 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s 50-day moving average is $158.20 and its two-hundred day moving average is $188.66. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a market capitalization of $72.97 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. Fiserv’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.