Healthcare of Ontario Pension Plan Trust Fund Has $4.47 Million Stake in Fiserv, Inc. (NYSE:FI)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 2,490,200.0% during the third quarter, Holdings Channel reports. The fund owned 24,903 shares of the business services provider’s stock after buying an additional 24,902 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Fiserv were worth $4,474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sanders Capital LLC acquired a new position in shares of Fiserv during the third quarter valued at about $764,543,000. FMR LLC increased its position in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S acquired a new position in Fiserv during the 3rd quarter worth approximately $172,993,000. Manning & Napier Advisors LLC bought a new position in Fiserv in the second quarter worth approximately $105,031,000. Finally, Mizuho Securities USA LLC grew its stake in Fiserv by 1,238.6% in 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 acquiring an additional 558,774 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 0.2 %

Shares of FI stock opened at $220.96 on Friday. Fiserv, Inc. has a 12-month low of $128.43 and a 12-month high of $223.23. 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 has a 50 day moving average of $200.25 and a 200-day moving average of $173.23. The firm has a market cap of $125.71 billion, a P/E ratio of 42.49, a PEG ratio of 1.70 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (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 analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. Sell-side analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock valued at $44,299,745 over the last three months. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research reports. Tigress Financial upped their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Robert W. Baird raised their price objective on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. TD Cowen boosted their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Mizuho raised their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, UBS Group boosted their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $214.29.

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.