Ameritas Advisory Services LLC Purchases 4,562 Shares of Fiserv, Inc. (NYSE:FI)

Ameritas Advisory Services LLC increased its position in shares of Fiserv, Inc. (NYSE:FI) by 42.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,372 shares of the business services provider’s stock after buying an additional 4,562 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Fiserv were worth $3,158,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FI. FMR LLC grew its stake in Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Legal & General Group Plc grew its stake in Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after purchasing an additional 85,598 shares in the last quarter. Sanders Capital LLC bought a new position in Fiserv in the third quarter valued at approximately $764,543,000. Barclays PLC grew its stake in Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Fiserv by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after purchasing an additional 4,218 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Up 1.2 %

Shares of NYSE:FI opened at $208.67 on Monday. Fiserv, Inc. has a 1 year low of $136.93 and a 1 year high of $223.23. The company has a market cap of $118.71 billion, a PE ratio of 40.13, a P/E/G ratio of 1.32 and a beta of 0.94. 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 stock’s 50-day moving average is $209.45 and its 200 day moving average is $187.03.

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

Insiders Place Their Bets

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Tigress Financial raised their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Mizuho raised their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup raised their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, KeyCorp raised their price objective on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $224.00.

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.