Captrust Financial Advisors Sells 19,941 Shares of Fiserv, Inc. (NYSE:FI)

Captrust Financial Advisors cut its position in Fiserv, Inc. (NYSE:FI) by 38.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,393 shares of the business services provider’s stock after selling 19,941 shares during the quarter. Captrust Financial Advisors’ holdings in Fiserv were worth $5,640,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Sanders Capital LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at about $764,543,000. FMR LLC lifted its stake in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the period. Maj Invest Holding A S acquired a new position in shares of Fiserv in the third quarter worth approximately $172,993,000. Manning & Napier Advisors LLC bought a new stake in Fiserv in the second quarter valued at approximately $105,031,000. Finally, Mizuho Securities USA LLC increased its position in Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 235,821 shares of company stock valued at $44,299,745 in the last 90 days. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $218.46 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $124.28 billion, a price-to-earnings ratio of 42.01, a P/E/G ratio of 1.69 and a beta of 0.92. Fiserv, Inc. has a 52 week low of $129.60 and a 52 week high of $223.23. The firm’s 50-day simple moving average is $200.25 and its two-hundred day simple moving average is $173.36.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. Fiserv’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analysts Set New Price Targets

FI has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. KeyCorp increased their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Compass Point assumed coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective on the stock. Finally, Mizuho upped their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.29.

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.