Bleakley Financial Group LLC Buys 684 Shares of Fiserv, Inc. (NYSE:FI)

Bleakley Financial Group LLC grew its stake in Fiserv, Inc. (NYSE:FI) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,612 shares of the business services provider’s stock after acquiring an additional 684 shares during the quarter. Bleakley Financial Group LLC’s holdings in Fiserv were worth $4,029,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Sanders Capital LLC bought a new position in shares of Fiserv during the third quarter valued at $764,543,000. FMR LLC raised 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 worth $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S bought a new position in Fiserv during the 3rd quarter valued at about $172,993,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after acquiring an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of 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 worth $108,488,000 after acquiring an additional 558,774 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FI shares. UBS Group raised their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised their price target on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday. BMO Capital Markets upped their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley boosted their price target on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $232.13.

Fiserv Price Performance

Fiserv stock opened at $231.05 on Friday. The stock has a market cap of $131.45 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The firm has a 50-day moving average of $208.61 and a two-hundred day moving average of $192.51. Fiserv, Inc. has a 1 year low of $140.26 and a 1 year high of $232.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. On average, research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Fiserv 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.