Fiserv, Inc. (NYSE:FI) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,534 shares of the business services provider’s stock after buying an additional 500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Fiserv were worth $17,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cooper Financial Group raised its holdings in Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after purchasing an additional 67 shares in the last quarter. Quent Capital LLC raised its holdings in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares in the last quarter. Fielder Capital Group LLC increased its holdings in shares of Fiserv by 3.3% in the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after buying an additional 68 shares in the last quarter. Andina Capital Management LLC increased its holdings in shares of Fiserv by 3.1% in the second quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock valued at $349,000 after buying an additional 70 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings in shares of Fiserv by 3.0% in the second quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock valued at $365,000 after buying an additional 72 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FI shares. KeyCorp upped their price target on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. StockNews.com downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Citigroup raised shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets boosted their target price on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

Fiserv Trading Down 0.7 %

Shares of NYSE:FI opened at $177.61 on Friday. The stock has a market capitalization of $103.92 billion, a PE ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $178.89. The firm has a fifty day moving average price of $166.23 and a 200 day moving average price of $156.74. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the prior year, the company earned $1.81 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders sold 66,890 shares of company stock worth $10,853,407 over the last ninety days. Company 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.