Advisors Asset Management Inc. Increases Stock Position in Fiserv, Inc. (NYSE:FI)

Advisors Asset Management Inc. boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,886 shares of the business services provider's stock after purchasing an additional 2,373 shares during the quarter. Advisors Asset Management Inc.'s holdings in Fiserv were worth $10,579,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the 1st quarter valued at approximately $25,000. Family Firm Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at about $31,000. Clean Yield Group lifted its holdings in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider's stock worth $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its stake in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after acquiring an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock worth $39,000 after purchasing an additional 127 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com raised Fiserv from a "hold" rating to a "buy" rating in a research report on Thursday, September 26th. KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Jefferies Financial Group raised their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Barclays raised 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. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.29.

Insider Buying and Selling

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, CEO Frank Bisignano sold 145,000 shares of the business'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 completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is owned by company insiders.

Fiserv Stock Performance

NYSE:FI traded down $0.39 during mid-day trading on Thursday, reaching $217.55. The company's stock had a trading volume of 1,579,359 shares, compared to its average volume of 2,478,842. The stock has a market cap of $123.77 billion, a P/E ratio of 41.84, a PEG ratio of 1.64 and a beta of 0.92. 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 firm's fifty day moving average price is $194.83 and its two-hundred day moving average price is $170.25. Fiserv, Inc. has a 12-month low of $125.05 and a 12-month high of $219.11.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) 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 company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the business posted $1.96 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Fiserv 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.