Mitsubishi UFJ Asset Management Co. Ltd. Acquires 114,394 Shares of Fiserv, Inc. (NYSE:FI)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 708,393 shares of the business services provider’s stock after purchasing an additional 114,394 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.12% of Fiserv worth $113,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FI. Price T Rowe Associates Inc. MD bought a new position in shares of Fiserv during the 4th quarter worth about $5,885,279,000. Capital World Investors acquired a new stake in shares of Fiserv during the 4th quarter valued at about $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Fiserv during the 4th quarter valued at about $960,592,000. Veritas Asset Management LLP acquired a new stake in shares of Fiserv during the 4th quarter valued at about $927,298,000. Finally, Parnassus Investments LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at about $900,674,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In other Fiserv news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv 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 completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,800 shares of company stock worth $7,696,448. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Stephens reaffirmed an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research note on Wednesday, April 24th. TD Cowen boosted their target price on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research note on Tuesday, March 26th. Finally, B. Riley boosted their target price on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.44.

Fiserv Stock Performance

FI stock traded down $0.27 during trading hours on Thursday, reaching $157.69. The stock had a trading volume of 2,965,023 shares, compared to its average volume of 2,478,659. The stock has a market capitalization of $92.26 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50-day simple moving average of $150.69 and a 200 day simple moving average of $148.73. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Analysts predict that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

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.