Fiserv, Inc. (NYSE:FI) is Nippon Life Global Investors Americas Inc.’s 9th Largest Position

Nippon Life Global Investors Americas Inc. lowered its stake in Fiserv, Inc. (NYSE:FI) by 27.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,120 shares of the business services provider’s stock after selling 111,870 shares during the period. Fiserv comprises 2.8% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 9th biggest position. Nippon Life Global Investors Americas Inc. owned approximately 0.05% of Fiserv worth $60,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Barclays PLC raised its holdings in shares of Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Invst LLC acquired a new stake in Fiserv in the third quarter valued at $211,000. SkyView Investment Advisors LLC lifted its holdings in Fiserv by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider’s stock worth $948,000 after buying an additional 223 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of Fiserv by 1.4% in the 3rd quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider’s stock valued at $6,371,000 after acquiring an additional 497 shares during the last quarter. Finally, World Investment Advisors LLC raised its position in shares of Fiserv by 1,469.7% during the 3rd quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock worth $10,025,000 after acquiring an additional 52,247 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FI. Royal Bank of Canada raised their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Redburn Atlantic restated a “sell” rating and set a $150.00 price target on shares of Fiserv in a research note on Thursday, April 17th. Wells Fargo & Company raised their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Barclays raised their price objective on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Susquehanna lowered their price target on Fiserv from $270.00 to $250.00 and set a “positive” rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $234.79.

Fiserv Stock Performance

NYSE FI opened at $207.93 on Tuesday. The business has a 50 day moving average price of $218.91 and a 200 day moving average price of $211.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market capitalization of $116.14 billion, a P/E ratio of 38.58, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has approved a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.