Mitsubishi UFJ Asset Management Co. Ltd. Has $189.34 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Fiserv, Inc. (NYSE:FI) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 907,796 shares of the business services provider’s stock after acquiring an additional 59,434 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Fiserv worth $189,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew 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 valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Fiserv by 4.7% in the 4th quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock valued at $762,328,000 after buying an additional 164,949 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Fiserv by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock valued at $743,782,000 after buying an additional 90,475 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at $614,982,000. Finally, Barclays PLC lifted its holdings in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after acquiring an additional 48,413 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was 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 owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI opened at $221.75 on Thursday. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The stock has a 50 day moving average of $221.58 and a 200-day moving average of $207.28. 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 company has a market capitalization of $124.47 billion, a P/E ratio of 41.14, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 net margin of 15.31% and a return on equity of 17.93%. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

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

Analyst Upgrades and Downgrades

FI has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price target on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Citigroup lifted their price target on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays increased their price objective on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Susquehanna boosted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.32.

Fiserv 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.