160,641 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. bought a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, Holdings Channel.com reports. The firm bought 160,641 shares of the business services provider’s stock, valued at approximately $21,340,000.

A number of other large investors have also recently bought and sold shares of the company. Jacobi Capital Management LLC lifted its position in shares of Fiserv by 0.9% in the third quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock worth $1,141,000 after purchasing an additional 94 shares in the last quarter. UniSuper Management Pty Ltd grew its position in shares of Fiserv by 2.3% during the 3rd quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock worth $508,000 after purchasing an additional 100 shares in the last quarter. Hollencrest Capital Management grew its position in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of Fiserv by 2.5% in the third quarter. Argonautica Private Wealth Management Inc. now owns 4,128 shares of the business services provider’s stock worth $466,000 after purchasing an additional 101 shares during the period. Finally, Wealthsource Partners LLC increased its holdings in Fiserv by 2.7% in the 3rd quarter. Wealthsource Partners LLC now owns 3,915 shares of the business services provider’s stock valued at $442,000 after buying an additional 102 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.1 %

FI traded up $0.14 during trading on Friday, reaching $150.34. 1,579,942 shares of the stock traded hands, compared to its average volume of 2,305,582. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average is $153.50 and its 200 day moving average is $143.20. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The stock has a market capitalization of $87.96 billion, a PE ratio of 28.10, a P/E/G ratio of 1.21 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 EPS. Equities analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,847,871.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last quarter. 0.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of research analyst reports. UBS Group boosted their price target on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Mizuho raised their target price on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Royal Bank of Canada boosted their target price on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Stephens restated an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. Finally, Robert W. Baird increased their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.83.

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.