AIA Group Ltd Takes Position in Fiserv, Inc. (NYSE:FI)

AIA Group Ltd acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,756 shares of the business services provider’s stock, valued at approximately $1,296,000.

Several other large investors also recently made changes to their positions in the business. Hollencrest Capital Management boosted its holdings in shares of Fiserv by 75.8% in 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 during the period. West Oak Capital LLC acquired a new position in shares of Fiserv in the fourth quarter worth about $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv in the fourth quarter worth about $27,000. Atlas Capital Advisors LLC boosted its holdings in shares of Fiserv by 71.9% in the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after buying an additional 128 shares during the period. Finally, PCA Investment Advisory Services Inc. acquired a new position in shares of Fiserv in the second quarter worth about $27,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of several recent analyst reports. Mizuho reiterated a “buy” rating and issued a $156.00 target price on shares of Fiserv in a report on Wednesday, March 27th. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. B. Riley raised their price target on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Susquehanna raised their price target on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Finally, Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a report on Thursday, January 11th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

Fiserv Trading Down 0.3 %

NYSE:FI opened at $146.40 on Friday. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The firm has a market cap of $86.19 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 1.20 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $151.72 and its 200-day moving average is $136.10.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter last year, the firm posted $1.91 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current year.

Insider Transactions at Fiserv

In other 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 sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,847,871.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

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.