Aptus Capital Advisors LLC Has $16.24 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Aptus Capital Advisors LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 20.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,391 shares of the business services provider’s stock after buying an additional 15,081 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Fiserv were worth $16,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FI. Bessemer Group Inc. lifted its holdings in shares of Fiserv by 67.2% during the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after purchasing an additional 1,306,901 shares in the last quarter. Capital World Investors lifted its holdings in shares of Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S bought a new position in shares of Fiserv during the 3rd quarter valued at about $172,993,000. Manning & Napier Advisors LLC bought a new position in shares of Fiserv during the 2nd quarter valued at about $105,031,000. Finally, American Century Companies Inc. lifted its holdings in shares of Fiserv by 1,642.5% during the 2nd 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 in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

NYSE FI traded down $0.08 during trading on Tuesday, hitting $214.78. 318,197 shares of the company’s stock were exchanged, compared to its average volume of 2,474,882. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market cap of $122.19 billion, a PE ratio of 41.32, a P/E/G ratio of 1.61 and a beta of 0.92. Fiserv, Inc. has a fifty-two week low of $121.07 and a fifty-two week high of $215.45. The stock’s 50 day moving average price is $188.18 and its two-hundred day moving average price is $167.00.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Oppenheimer assumed coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. Jefferies Financial Group raised their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Barclays boosted their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Stephens lifted their price target on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company raised their price target on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.25.

Insider Activity

In related news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Fiserv news, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 257,890 shares of company stock valued at $46,968,117 over the last quarter. 0.75% of the stock is owned by company insiders.

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.