Wilmington Savings Fund Society FSB Raises Holdings in Fiserv, Inc. (NYSE:FI)

Wilmington Savings Fund Society FSB raised its position in shares of Fiserv, Inc. (NYSE:FI) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,529 shares of the business services provider’s stock after acquiring an additional 1,215 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Fiserv were worth $3,806,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC acquired a new stake in Fiserv in the 3rd quarter valued at $201,000. Perpetual Ltd purchased a new stake in shares of Fiserv in the third quarter worth about $378,000. Fermata Advisors LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $215,000. Maj Invest Holding A S purchased a new stake in shares of Fiserv during the 3rd quarter valued at about $172,993,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in Fiserv by 45.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 22,571 shares of the business services provider’s stock worth $4,055,000 after acquiring an additional 7,062 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of NYSE FI opened at $230.18 on Friday. The stock has a market capitalization of $130.95 billion, a P/E ratio of 42.71, a P/E/G ratio of 1.52 and a beta of 0.94. The firm’s 50-day moving average price is $209.01 and its two-hundred day moving average price is $193.27. Fiserv, Inc. has a 52-week low of $142.14 and a 52-week high of $233.26. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the business’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 transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FI shares. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. KeyCorp raised their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets boosted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday. Stephens raised their target price on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Compass Point initiated coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $235.91.

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.