C WorldWide Group Holding A S Acquires Shares of 1,979,958 Fiserv, Inc. (NYSE:FI)

C WorldWide Group Holding A S bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,979,958 shares of the business services provider’s stock, valued at approximately $263,018,000. Fiserv comprises approximately 3.5% of C WorldWide Group Holding A S’s portfolio, making the stock its 11th biggest position. C WorldWide Group Holding A S owned approximately 0.33% of Fiserv as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. West Oak Capital LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new stake in shares of Fiserv in the 4th quarter worth $28,000. Hollencrest Capital Management grew its stake in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Fiserv during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI traded up $2.60 during trading hours on Friday, reaching $155.89. 3,196,489 shares of the company traded hands, compared to its average volume of 2,315,910. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average price of $152.54 and a 200-day moving average price of $137.74. The stock has a market capitalization of $91.21 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the company posted $1.58 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on FI. Evercore ISI restated an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research report on Tuesday, March 26th. TD Cowen boosted their price target on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens reissued an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a research report on Wednesday. KeyCorp lifted their price target on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada raised their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. Company insiders own 0.75% of the company’s stock.

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.