Royal London Asset Management Ltd. Has $27.01 Million Stake in Fiserv, Inc. (NYSE:FI)

Royal London Asset Management Ltd. increased its stake in shares of Fiserv, Inc. (NYSE:FIFree Report) by 6.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 238,957 shares of the business services provider’s stock after acquiring an additional 13,712 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Fiserv were worth $27,005,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Schroder Investment Management Group grew its stake in shares of Fiserv by 140.1% during the third quarter. Schroder Investment Management Group now owns 182,587 shares of the business services provider’s stock valued at $20,625,000 after purchasing an additional 106,547 shares during the last quarter. Seven Eight Capital LP increased its stake in Fiserv by 494.1% in the 3rd quarter. Seven Eight Capital LP now owns 81,147 shares of the business services provider’s stock valued at $9,166,000 after buying an additional 67,488 shares during the last quarter. Kensico Capital Management Corp increased its stake in shares of Fiserv by 11.0% during the 3rd quarter. Kensico Capital Management Corp now owns 1,008,100 shares of the business services provider’s stock worth $113,875,000 after purchasing an additional 99,800 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Fiserv by 4.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,255,602 shares of the business services provider’s stock worth $254,803,000 after purchasing an additional 100,738 shares during the last quarter. Finally, Ariel Investments LLC increased its stake in shares of Fiserv by 11.8% during the 3rd quarter. Ariel Investments LLC now owns 4,041 shares of the business services provider’s stock worth $456,000 after purchasing an additional 425 shares during the last quarter. 89.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FI. UBS Group boosted their price objective on shares of Fiserv from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Morgan Stanley lifted their target price on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Royal Bank of Canada lifted their target price on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Mizuho lifted their target price on shares of Fiserv from $150.00 to $156.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Tigress Financial lifted their target price on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $153.04.

Get Our Latest Report on Fiserv

Insider Buying and Selling at Fiserv

In related news, CFO Robert W. Hau sold 188,088 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $132.77, for a total transaction of $24,972,443.76. Following the sale, the chief financial officer now directly owns 133,491 shares of the company’s stock, valued at approximately $17,723,600.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fiserv news, EVP Suzan Kereere sold 1,633 shares of Fiserv stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $132.88, for a total transaction of $216,993.04. Following the completion of the transaction, the executive vice president now directly owns 47,792 shares of the company’s stock, valued at $6,350,600.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert W. Hau sold 188,088 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $132.77, for a total transaction of $24,972,443.76. Following the completion of the transaction, the chief financial officer now owns 133,491 shares of the company’s stock, valued at $17,723,600.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 295,150 shares of company stock valued at $39,347,952. 18.20% of the stock is currently owned by company insiders.

Fiserv Stock Down 0.2 %

Shares of NYSE FI opened at $150.27 on Friday. The firm has a market cap of $88.72 billion, a PE ratio of 30.05, a P/E/G ratio of 1.23 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $103.99 and a 12-month high of $152.19. The company’s fifty day simple moving average is $142.46 and its 200 day simple moving average is $129.01. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FIGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.91 earnings per share. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Fiserv Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FIFree Report).

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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