Fiserv, Inc. (NYSE:FI) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its holdings in Fiserv, Inc. (NYSE:FI) by 332.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,314 shares of the business services provider’s stock after buying an additional 13,314 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Fiserv were worth $3,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arvest Bank Trust Division purchased a new position in Fiserv during the third quarter worth approximately $21,389,000. World Investment Advisors LLC increased its stake in shares of Fiserv by 1,469.7% in the 3rd quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock worth $10,025,000 after acquiring an additional 52,247 shares during the last quarter. Anchor Investment Management LLC raised its holdings in shares of Fiserv by 1.4% during the 3rd quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider’s stock worth $6,371,000 after acquiring an additional 497 shares during the period. SkyView Investment Advisors LLC boosted its position in shares of Fiserv by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider’s stock valued at $948,000 after acquiring an additional 223 shares during the last quarter. Finally, Invst LLC purchased a new stake in shares of Fiserv in the third quarter valued at about $211,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 235,821 shares of company stock valued at $44,299,745. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on FI shares. Mizuho lifted their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. BMO Capital Markets increased their price objective on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Barclays lifted their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley increased their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $217.50.

Fiserv Price Performance

FI stock opened at $204.66 on Friday. The business’s 50-day moving average is $205.80 and its two-hundred day moving average is $176.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $116.43 billion, a P/E ratio of 39.36, a P/E/G ratio of 1.56 and a beta of 0.93. Fiserv, Inc. has a 1 year low of $131.41 and a 1 year high of $223.23.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company earned $1.96 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.