Sanibel Captiva Trust Company Inc. Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

Sanibel Captiva Trust Company Inc. grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,022 shares of the business services provider's stock after purchasing an additional 1,965 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Fiserv were worth $1,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Soros Capital Management LLC lifted its holdings in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after buying an additional 22,884 shares in the last quarter. Czech National Bank raised 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 valued at $25,339,000 after acquiring an additional 6,072 shares in the last quarter. Chiron Investment Management LLC purchased a new stake in shares of Fiserv in the third quarter valued at approximately $4,709,000. Cardano Risk Management B.V. bought a new position in Fiserv in the fourth quarter worth approximately $97,254,000. Finally, Maxwell Wealth Strategies Inc. increased its holdings in Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider's stock worth $2,696,000 after purchasing an additional 2,869 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of the business's 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock worth $18,581,095 over the last three months. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Fiserv stock traded up $2.41 during mid-day trading on Friday, hitting $208.67. The company had a trading volume of 2,579,770 shares, compared to its average volume of 2,085,694. The company has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $136.93 and a 12-month high of $223.23. The company's fifty day moving average is $209.45 and its 200-day moving average is $187.03. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.90 billion. During the same quarter in the previous year, the company earned $1.96 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on Fiserv from $225.00 to $238.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on Fiserv from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday. UBS Group lifted their target price on Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Tigress Financial increased their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Three research 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $224.00.

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.