Pictet Asset Management Holding SA Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

Pictet Asset Management Holding SA boosted its position in Fiserv, Inc. (NYSE:FI) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,224,227 shares of the business services provider’s stock after purchasing an additional 89,228 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Fiserv were worth $456,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC grew its stake in shares of Fiserv by 72,800.0% in the 3rd quarter. Quest Partners LLC now owns 729 shares of the business services provider’s stock worth $131,000 after buying an additional 728 shares during the last quarter. Townsquare Capital LLC boosted its holdings in Fiserv by 5.8% in the third quarter. Townsquare Capital LLC now owns 40,399 shares of the business services provider’s stock worth $7,258,000 after acquiring an additional 2,219 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Fiserv by 3.7% in the third quarter. Glenmede Trust Co. NA now owns 195,285 shares of the business services provider’s stock worth $35,083,000 after acquiring an additional 6,985 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Fiserv by 2,490,200.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 24,903 shares of the business services provider’s stock valued at $4,474,000 after acquiring an additional 24,902 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in Fiserv by 18.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 9,088 shares of the business services provider’s stock worth $1,633,000 after purchasing an additional 1,405 shares in the last quarter. Hedge funds and other 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 on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

Shares of Fiserv stock opened at $219.32 on Friday. The stock has a market cap of $123.10 billion, a P/E ratio of 40.69, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The stock’s fifty day moving average is $221.85 and its 200 day moving average is $207.36. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on FI. Stephens raised their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. KeyCorp increased their target price on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their price target on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “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.