Mizuho Securities USA LLC Has $108.49 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Mizuho Securities USA LLC raised its position in shares of Fiserv, Inc. (NYSE:FI) by 1,238.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 603,887 shares of the business services provider’s stock after buying an additional 558,774 shares during the quarter. Mizuho Securities USA LLC owned 0.11% of Fiserv worth $108,488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new stake in Fiserv during the first quarter valued at $25,000. Family Firm Inc. acquired a new stake in Fiserv in the second quarter valued at approximately $31,000. Clean Yield Group grew its position in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake 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 valued at $39,000 after purchasing an additional 127 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 recent analyst reports. Morgan Stanley lifted their price target on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Susquehanna raised their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Oppenheimer assumed coverage on Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective for the company. William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Tigress Financial upped their price target on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $207.25.

Insider Activity at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was 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 in the company, 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 document filed with the SEC, which is available at the SEC website. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 254,711 shares of company stock worth $47,477,232. 0.75% of the stock is owned by company insiders.

Fiserv Stock Performance

Shares of NYSE:FI opened at $210.92 on Friday. The firm’s 50 day simple moving average is $191.36 and its 200 day simple moving average is $168.43. Fiserv, Inc. has a fifty-two week low of $121.86 and a fifty-two week high of $215.50. The company has a market capitalization of $120.00 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of 1.63 and a beta of 0.92. 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 released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.