Victory Capital Management Inc. Cuts Stock Position in Fiserv, Inc. (NYSE:FI)

Victory Capital Management Inc. decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,547 shares of the business services provider's stock after selling 22,689 shares during the period. Victory Capital Management Inc. owned 0.05% of Fiserv worth $52,736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aptus Capital Advisors LLC boosted its stake in Fiserv by 20.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 90,391 shares of the business services provider's stock valued at $16,239,000 after purchasing an additional 15,081 shares during the last quarter. First Heartland Consultants Inc. raised its holdings in Fiserv by 5.3% in the 3rd quarter. First Heartland Consultants Inc. now owns 4,395 shares of the business services provider's stock worth $790,000 after purchasing an additional 221 shares during the period. Savvy Advisors Inc. bought a new position in Fiserv in the 3rd quarter worth $238,000. Ashton Thomas Private Wealth LLC raised its holdings in Fiserv by 24.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 16,539 shares of the business services provider's stock worth $2,971,000 after purchasing an additional 3,290 shares during the period. Finally, Meridian Management Co. raised its holdings in Fiserv by 8.5% during the third quarter. Meridian Management Co. now owns 33,111 shares of the business services provider's stock valued at $5,948,000 after acquiring an additional 2,590 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of Fiserv stock traded down $0.07 on Friday, hitting $210.78. The company's stock had a trading volume of 968,408 shares, compared to its average volume of 2,472,470. The company has a market capitalization of $119.92 billion, a price-to-earnings ratio of 40.43, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. The firm has a fifty day moving average price of $190.54 and a 200-day moving average price of $168.03. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 1 year low of $121.86 and a 1 year high of $215.50.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm posted $1.96 earnings per share. The company's revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. William Blair raised Fiserv to a "strong-buy" rating in a report on Wednesday, July 24th. Tigress Financial lifted their target price on Fiserv from $190.00 to $244.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their target price on Fiserv from $178.00 to $184.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Susquehanna boosted their price objective on Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a research note on Friday, October 18th. Finally, Stephens boosted their price objective on Fiserv from $170.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Four investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $207.25.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company's stock, valued at $4,764,211.83. The trade was a 40.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,711 shares of company stock valued at $47,477,232. 0.75% of the stock is owned by insiders.

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.