Mitsubishi UFJ Trust & Banking Corp Has $56.07 Million Holdings in Fiserv, Inc. (NYSE:FI)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Fiserv, Inc. (NYSE:FI) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 272,952 shares of the business services provider’s stock after selling 20,763 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Fiserv were worth $56,070,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FI. Sanders Capital LLC acquired a new stake in shares of Fiserv in the third quarter valued at approximately $764,543,000. Raymond James Financial Inc. bought a new position in Fiserv during the 4th quarter worth $614,982,000. FMR LLC increased its stake in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $134,710,000. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $222.65 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm’s fifty day simple moving average is $221.23 and its two-hundred day simple moving average is $207.18. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The stock has a market capitalization of $124.97 billion, a P/E ratio of 41.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has initiated a share buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently commented on the company. KeyCorp boosted their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Susquehanna increased their price target on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Oppenheimer upped their target price on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.83.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.