Fiserv, Inc. (NYSE:FI) Shares Acquired by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,024 shares of the business services provider’s stock after acquiring an additional 389 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Fiserv were worth $1,442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after acquiring an additional 1,306,901 shares during the last quarter. Capital World Investors grew its position in Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares during the last quarter. Maj Invest Holding A S acquired a new position in Fiserv in the third quarter valued at $172,993,000. Manning & Napier Advisors LLC acquired a new position in Fiserv in the second quarter valued at $105,031,000. Finally, American Century Companies Inc. increased its stake in Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after purchasing an additional 471,531 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of FI opened at $197.70 on Thursday. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $197.89. The stock has a market cap of $115.67 billion, a P/E ratio of 36.95, a PEG ratio of 1.44 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $175.63 and a two-hundred day moving average of $160.65.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. As a group, research analysts predict that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Oppenheimer initiated coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Robert W. Baird lifted their price objective on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $184.38.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,890 shares of company stock valued at $32,855,417 over the last quarter. Insiders own 0.75% 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.