Achmea Investment Management B.V. Sells 162,178 Shares of Fiserv, Inc. $FI

Achmea Investment Management B.V. trimmed its position in Fiserv, Inc. (NYSE:FI) by 96.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,178 shares of the business services provider’s stock after selling 162,178 shares during the quarter. Achmea Investment Management B.V.’s holdings in Fiserv were worth $893,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC raised its holdings in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares during the period. Allworth Financial LP lifted its position in shares of Fiserv by 7.5% in the first quarter. Allworth Financial LP now owns 7,717 shares of the business services provider’s stock valued at $1,704,000 after acquiring an additional 541 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Fiserv by 17.2% in the first quarter. Cerity Partners LLC now owns 476,569 shares of the business services provider’s stock worth $105,241,000 after acquiring an additional 69,977 shares during the period. Finally, MJP Associates Inc. ADV purchased a new stake in shares of Fiserv during the first quarter worth about $231,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FI shares. UBS Group set a $75.00 price target on Fiserv and gave the stock a “neutral” rating in a report on Thursday, October 30th. Keefe, Bruyette & Woods reduced their price objective on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Compass Point cut shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a research note on Wednesday, October 29th. Finally, Citigroup decreased their price target on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $127.28.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the transaction, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.74% of the company’s stock.

Fiserv Stock Performance

Fiserv stock opened at $63.60 on Friday. The company’s 50-day moving average price is $118.79 and its 200-day moving average price is $146.71. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a market cap of $34.21 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a twelve month low of $60.95 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last released 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. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Company 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.