Fiserv, Inc. (NYSE:FI) Holdings Increased by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 412,930 shares of the business services provider’s stock after purchasing an additional 6,410 shares during the quarter. Fiserv makes up approximately 2.7% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 8th largest holding. Nippon Life Global Investors Americas Inc. owned about 0.07% of Fiserv worth $61,543,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the first quarter worth approximately $25,000. RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv during the 4th quarter worth about $27,000. Family Firm Inc. bought a new stake in Fiserv in the second quarter worth approximately $31,000. ZRC Wealth Management LLC acquired a new position in shares of Fiserv during the 1st quarter valued at about $32,000. Finally, Quarry LP bought a new position in shares of Fiserv in the fourth quarter valued at approximately $36,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI stock opened at $177.61 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day moving average price is $166.23 and its 200-day moving average price is $156.83. Fiserv, Inc. has a one year low of $109.11 and a one year high of $178.89. The company has a market capitalization of $103.92 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.81 EPS. On average, equities analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,350,427.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,890 shares of company stock worth $10,853,407. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods upped 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. KeyCorp upped their price target on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Citigroup upgraded Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. B. Riley increased their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, BTIG Research started coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

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.