Maj Invest Holding A S Has $135.56 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Maj Invest Holding A S reduced its holdings in Fiserv, Inc. (NYSE:FI) by 31.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 659,912 shares of the business services provider’s stock after selling 303,023 shares during the quarter. Fiserv comprises 4.5% of Maj Invest Holding A S’s holdings, making the stock its 13th largest holding. Maj Invest Holding A S owned 0.12% of Fiserv worth $135,558,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Clean Yield Group increased its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Fiserv in the 3rd quarter worth $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Fiserv in the 3rd quarter valued at $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FI has been the topic of several research reports. Stephens restated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a report on Thursday, January 2nd. Keefe, Bruyette & Woods lifted their price target on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. KeyCorp increased their price objective on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen raised their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling

In other news, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’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 transaction, 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 position. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

FI opened at $208.90 on Monday. The firm has a 50-day moving average price of $209.02 and a 200-day moving average price of $189.07. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23. 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 company has a market capitalization of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94.

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.