World Investment Advisors LLC Buys 52,247 Shares of Fiserv, Inc. (NYSE:FI)

World Investment Advisors LLC raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 1,469.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,802 shares of the business services provider's stock after acquiring an additional 52,247 shares during the quarter. World Investment Advisors LLC's holdings in Fiserv were worth $10,025,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC increased its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Fiserv by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider's stock valued at $1,069,204,000 after acquiring an additional 64,332 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Fiserv by 1.9% during the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider's stock worth $687,489,000 after purchasing an additional 85,598 shares during the last quarter. Sanders Capital LLC acquired a new position in Fiserv in the third quarter worth $764,543,000. Finally, Dimensional Fund Advisors LP increased its stake in Fiserv by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider's stock valued at $441,173,000 after purchasing an additional 225,159 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of NYSE:FI traded up $0.89 during trading hours on Thursday, hitting $204.85. 2,261,246 shares of the company's stock traded hands, compared to its average volume of 2,530,024. The company's fifty day simple moving average is $204.98 and its two-hundred day simple moving average is $176.39. The company has a market cap of $116.54 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93. 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 52 week low of $131.41 and a 52 week high of $223.23.

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, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $1.96 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $225.00 to $238.00 and gave the company an "outperform" rating in a report on Monday. Tigress Financial upped their price objective on Fiserv from $190.00 to $244.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. UBS Group raised 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. Compass Point initiated coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a "buy" rating and a $278.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Four 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. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $217.50.

Insiders Place Their Bets

In related news, Director Doyle Simons sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the chief accounting officer now owns 38,771 shares of the company's stock, valued at approximately $8,320,644.31. This represents a 34.94 % 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 worth $44,299,745. Corporate insiders own 0.75% of the company's stock.

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.