Fiserv, Inc. (NYSE:FI) Shares Acquired by Olstein Capital Management L.P.

Olstein Capital Management L.P. lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,000 shares of the business services provider’s stock after acquiring an additional 2,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Fiserv were worth $3,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Kimelman & Baird LLC acquired a new position in shares of Fiserv during the second quarter worth about $60,000. Public Sector Pension Investment Board grew its holdings in Fiserv by 62.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,739 shares of the business services provider’s stock worth $3,240,000 after acquiring an additional 8,369 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Fiserv by 42.1% in the 2nd quarter. APG Asset Management N.V. now owns 163,793 shares of the business services provider’s stock valued at $22,777,000 after purchasing an additional 48,500 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Fiserv in the 2nd quarter valued at $6,152,000. Finally, Legal & General Group Plc lifted its position in shares of Fiserv by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after purchasing an additional 85,598 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FI has been the topic of a number of analyst reports. UBS Group raised their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Royal Bank of Canada increased their price target on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Trading Up 1.2 %

Shares of FI opened at $208.90 on Friday. The firm’s 50-day moving average is $209.02 and its two-hundred day moving average is $188.80. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $118.85 billion, a P/E ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94.

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

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.