Ameritas Advisory Services LLC Raises Holdings in Fiserv, Inc. (NYSE:FI)

Ameritas Advisory Services LLC raised its position in Fiserv, Inc. (NYSE:FI) by 42.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,372 shares of the business services provider’s stock after acquiring 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.

Several other institutional investors also recently bought and sold shares of the company. Soros Capital Management LLC lifted its stake in shares of Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after buying an additional 22,884 shares during the period. Czech National Bank lifted its stake in shares of Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after buying an additional 6,072 shares during the period. Chiron Investment Management LLC acquired a new position in Fiserv during the third quarter valued at $4,709,000. Cardano Risk Management B.V. acquired a new position in Fiserv during the fourth quarter valued at $97,254,000. Finally, Maxwell Wealth Strategies Inc. lifted its position in Fiserv by 23.6% during the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after purchasing an additional 2,869 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the subject of a number of research reports. Royal Bank of Canada boosted their target price on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Stephens reaffirmed an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a report on Thursday, January 2nd. Finally, TD Cowen lifted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Insiders Place Their Bets

In other news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 over the last ninety days. 0.75% of the stock is owned by company insiders.

Fiserv Stock Performance

NYSE:FI opened at $208.67 on Monday. The firm has a 50 day simple moving average of $209.45 and a 200-day simple moving average of $187.03. 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 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. Fiserv, Inc. has a 1-year low of $136.93 and a 1-year high of $223.23.

Fiserv (NYSE:FI) last issued its quarterly 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 net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post 8.77 EPS for the current 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.