B. Metzler seel. Sohn & Co. Holding AG Makes New $5.40 Million Investment in Fiserv, Inc. (NYSE:FI)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,045 shares of the business services provider’s stock, valued at approximately $5,398,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter valued at about $25,000. Family Firm Inc. purchased a new stake in Fiserv in the 2nd quarter valued at about $31,000. Clean Yield Group increased its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised its position in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv 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 completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BTIG Research initiated coverage on shares of Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Robert W. Baird upped their target price 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. Stephens lifted their price objective on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. BMO Capital Markets upped their target price on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday. Finally, B. Riley increased their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $211.52.

Fiserv Stock Up 1.1 %

Shares of FI opened at $215.15 on Wednesday. Fiserv, Inc. has a 12 month low of $121.86 and a 12 month high of $216.93. The stock has a market cap of $122.40 billion, a price-to-earnings ratio of 41.38, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a 50-day moving average price of $193.02 and a two-hundred day moving average price of $169.59. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

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.