MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 1,190 Shares of Fiserv, Inc. (NYSE:FI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Fiserv, Inc. (NYSE:FI) by 0.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,929 shares of the business services provider’s stock after purchasing an additional 1,190 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Fiserv were worth $31,785,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. lifted its position in Fiserv by 6.6% in the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock worth $192,000 after buying an additional 66 shares during the last quarter. Cooper Financial Group lifted its holdings in shares of Fiserv by 3.1% in the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after acquiring an additional 67 shares during the last quarter. Quent Capital LLC boosted its stake in shares of Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares in the last quarter. Fielder Capital Group LLC grew its holdings in shares of Fiserv by 3.3% during the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 68 shares during the last quarter. Finally, Andina Capital Management LLC raised its position in Fiserv by 3.1% in the 2nd quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock worth $349,000 after purchasing an additional 70 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $190.35 on Monday. The company has a 50 day simple moving average of $173.30 and a two-hundred day simple moving average of $159.91. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $191.23. The company has a market capitalization of $111.37 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter last year, the company earned $1.81 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. KeyCorp raised their price objective on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. BTIG Research started coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. William Blair upgraded Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.84.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,890 shares of company stock worth $32,855,417 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

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.