Nomura Holdings Inc. Raises Position in Fiserv, Inc. (NYSE:FI)

Nomura Holdings Inc. boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 172.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,951 shares of the business services provider’s stock after buying an additional 19,609 shares during the period. Nomura Holdings Inc.’s holdings in Fiserv were worth $6,358,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Barclays PLC grew its stake in Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after acquiring an additional 48,413 shares in the last quarter. Accurate Wealth Management LLC grew its position in shares of Fiserv by 15.3% in the fourth quarter. Accurate Wealth Management LLC now owns 1,265 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 168 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Fiserv by 3.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,782 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 67 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Fiserv by 9.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 7,085 shares of the business services provider’s stock worth $1,455,000 after buying an additional 596 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in Fiserv by 7.5% during the fourth quarter. Kathmere Capital Management LLC now owns 1,294 shares of the business services provider’s stock worth $266,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. KeyCorp raised their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Piper Sandler set a $218.00 target price on shares of Fiserv in a research note on Friday, April 25th. StockNews.com began coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a “buy” rating on the stock. UBS Group cut their price target on shares of Fiserv from $265.00 to $255.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Keefe, Bruyette & Woods decreased their price objective on Fiserv from $260.00 to $240.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $230.00.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is currently owned by company insiders.

Fiserv Stock Down 16.3%

Fiserv stock opened at $158.95 on Friday. The firm has a market capitalization of $88.13 billion, a P/E ratio of 29.49, a P/E/G ratio of 1.52 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. The stock’s fifty day simple moving average is $203.19 and its 200-day simple moving average is $210.49.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Fiserv’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.