Mediolanum International Funds Ltd Acquires 19,080 Shares of Fiserv, Inc. (NYSE:FI)

Mediolanum International Funds Ltd boosted its holdings in Fiserv, Inc. (NYSE:FI) by 9.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,311 shares of the business services provider’s stock after acquiring an additional 19,080 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Fiserv were worth $45,538,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Clean Yield Group increased its stake in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after buying an additional 127 shares in the last quarter. Kennebec Savings Bank purchased a new position in Fiserv in the 3rd quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv in the 3rd quarter valued at approximately $44,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FI shares. KeyCorp lifted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Oppenheimer lifted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, UBS Group increased their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $215.91 on Friday. The firm’s 50 day moving average price is $208.86 and its 200-day moving average price is $190.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $122.84 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23.

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.