Mirae Asset Global Investments Co. Ltd. Increases Holdings in Fiserv, Inc. (NYSE:FI)

Mirae Asset Global Investments Co. Ltd. increased its position in Fiserv, Inc. (NYSE:FI) by 10.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 61,468 shares of the business services provider’s stock after buying an additional 5,667 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Fiserv were worth $12,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Dynamic Advisor Solutions LLC boosted its position in Fiserv by 4.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 9,247 shares of the business services provider’s stock valued at $1,661,000 after buying an additional 393 shares during the period. Atomi Financial Group Inc. raised its stake in shares of Fiserv by 18.2% during the third quarter. Atomi Financial Group Inc. now owns 4,894 shares of the business services provider’s stock valued at $879,000 after acquiring an additional 753 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Fiserv by 17.2% during the third quarter. Brookstone Capital Management now owns 40,306 shares of the business services provider’s stock worth $7,241,000 after purchasing an additional 5,927 shares during the period. Daymark Wealth Partners LLC bought a new stake in shares of Fiserv in the third quarter worth about $201,000. Finally, Hexagon Capital Partners LLC increased its holdings in Fiserv by 30.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 583 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 137 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of NYSE FI opened at $231.05 on Friday. The firm’s 50-day moving average price is $208.61 and its 200-day moving average price is $192.51. Fiserv, Inc. has a 52-week low of $140.26 and a 52-week high of $232.25. The company has a market cap of $131.45 billion, a PE ratio of 44.43, a PEG ratio of 1.42 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

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

Analysts Set New Price Targets

FI has been the subject of several research reports. Tigress Financial upped their price objective on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Mizuho raised their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their target price on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday. Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Jefferies Financial Group boosted their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.13.

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.