Mitsubishi UFJ Asset Management Co. Ltd. Has $184.21 Million Stake in Fiserv, Inc. $FI

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 4.9% during the second quarter, Holdings Channel.com reports. The firm owned 1,068,459 shares of the business services provider’s stock after buying an additional 49,809 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Fiserv were worth $184,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after buying an additional 535,407 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after acquiring an additional 253,544 shares in the last quarter. Nuveen LLC bought a new position in Fiserv during the first quarter worth about $1,722,584,000. Finally, Alliancebernstein L.P. raised its stake in Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after purchasing an additional 287,420 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FI. B. Riley lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Seaport Res Ptn downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Zacks Research lowered Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Robert W. Baird cut their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Finally, Compass Point cut Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target on the stock. in a research report on Wednesday, October 29th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $127.28.

Fiserv Trading Up 3.2%

Shares of FI stock opened at $63.60 on Friday. Fiserv, Inc. has a fifty-two week low of $60.95 and a fifty-two week high of $238.59. The stock’s fifty day moving average price is $118.79 and its two-hundred day moving average price is $146.23. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The company has a market cap of $34.21 billion, a PE ratio of 9.83, a P/E/G ratio of 0.56 and a beta of 0.90.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion during the quarter. Equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.74% of the company’s stock.

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.