Sumitomo Mitsui DS Asset Management Company Ltd Has $23.62 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Fiserv, Inc. (NYSE:FI) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,975 shares of the business services provider’s stock after purchasing an additional 10,996 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fiserv were worth $23,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oakworth Capital Inc. raised its holdings in shares of Fiserv by 99.0% in the fourth quarter. Oakworth Capital Inc. now owns 1,009 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 502 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in shares of Fiserv by 124.6% in the fourth quarter. Silver Oak Securities Incorporated now owns 2,648 shares of the business services provider’s stock valued at $546,000 after buying an additional 1,469 shares in the last quarter. Adero Partners LLC grew its stake in shares of Fiserv by 2.7% in the fourth quarter. Adero Partners LLC now owns 2,435 shares of the business services provider’s stock valued at $500,000 after buying an additional 65 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Fiserv by 3.6% in the fourth quarter. Bleakley Financial Group LLC now owns 19,612 shares of the business services provider’s stock valued at $4,029,000 after buying an additional 684 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in shares of Fiserv in the fourth quarter valued at $295,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FI has been the subject of several analyst reports. KeyCorp raised their target price on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Royal Bank of Canada lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $232.13.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.7 %

Shares of NYSE FI opened at $231.05 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market cap of $131.45 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $140.26 and a 12 month high of $232.25. The stock has a 50-day moving average price of $208.61 and a two-hundred day moving average price of $192.51.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. As a group, analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal 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.