Nomura Asset Management Co. Ltd. Invests $21.34 Million in Fiserv, Inc. (NYSE:FI)

Nomura Asset Management Co. Ltd. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 160,641 shares of the business services provider’s stock, valued at approximately $21,340,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Fiserv by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Fiserv during the fourth quarter valued at approximately $960,592,000. Norges Bank bought a new position in Fiserv during the 4th quarter worth approximately $874,377,000. Northern Trust Corp grew its position in shares of Fiserv by 2.7% in the 3rd quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock worth $724,848,000 after acquiring an additional 168,286 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Fiserv by 5.2% in the 3rd quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock valued at $588,252,000 after acquiring an additional 258,036 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock traded up $0.14 during trading on Friday, hitting $150.34. The stock had a trading volume of 1,579,942 shares, compared to its average volume of 2,305,582. The business has a fifty day moving average of $153.50 and a two-hundred day moving average of $143.20. The firm has a market cap of $87.96 billion, a P/E ratio of 28.10, a PEG ratio of 1.21 and a beta of 0.92. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Mizuho raised their price objective on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Stephens restated an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. UBS Group lifted their price target on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group boosted their price objective on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Finally, KeyCorp increased their target price on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.83.

Fiserv 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.