Principal Financial Group Inc. Buys 7,183 Shares of Fiserv, Inc. (NYSE:FI)

Principal Financial Group Inc. raised its stake in Fiserv, Inc. (NYSE:FI) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 929,193 shares of the business services provider’s stock after purchasing an additional 7,183 shares during the quarter. Principal Financial Group Inc. owned approximately 0.16% of Fiserv worth $190,875,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FI. FMR LLC increased its holdings in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Sanders Capital LLC acquired a new stake in Fiserv in the 3rd quarter valued at about $764,543,000. Barclays PLC lifted its stake in Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after purchasing an additional 48,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after buying an additional 4,218 shares during the last quarter. Finally, National Pension Service raised its stake in Fiserv by 9.2% in the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after buying an additional 93,508 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Stephens increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. 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 report on Wednesday, October 23rd. Jefferies Financial Group increased their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, UBS Group boosted their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Stock Up 0.4 %

NYSE FI opened at $230.85 on Tuesday. Fiserv, Inc. has a fifty-two week low of $145.44 and a fifty-two week high of $233.26. The business has a fifty day moving average price of $210.77 and a two-hundred day moving average price of $196.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market capitalization of $131.34 billion, a PE ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94.

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 15.31% and a return on equity of 17.93%. Equities analysts expect that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

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.