Tokio Marine Asset Management Co. Ltd. Purchases Shares of 14,128 Fiserv, Inc. (NYSE:FI)

Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,128 shares of the business services provider’s stock, valued at approximately $1,877,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hollencrest Capital Management lifted its stake in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC purchased a new stake in Fiserv in the fourth quarter worth $27,000. Halpern Financial Inc. purchased a new stake in Fiserv in the fourth quarter worth $27,000. Fortitude Family Office LLC purchased a new stake in Fiserv in the fourth quarter worth $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in Fiserv in the fourth quarter worth $31,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Up 0.3 %

Shares of Fiserv stock traded up $0.45 during trading on Thursday, hitting $152.70. 1,006,294 shares of the stock traded hands, compared to its average volume of 2,530,808. The firm has a market cap of $89.90 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The stock’s fifty day simple moving average is $152.28 and its 200 day simple moving average is $137.34.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the company earned $1.58 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FI shares. Morgan Stanley boosted their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Royal Bank of Canada upped their price target on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore ISI reiterated an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a research note on Thursday, January 11th. Finally, Robert W. Baird upped their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last quarter. 0.75% of the stock is owned by corporate insiders.

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.