Sanibel Captiva Trust Company Inc. Has $1.65 Million Holdings in Fiserv, Inc. (NYSE:FI)

Sanibel Captiva Trust Company Inc. increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 32.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,022 shares of the business services provider’s stock after purchasing an additional 1,965 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Fiserv were worth $1,648,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. FMR LLC raised its position in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Legal & General Group Plc increased its holdings in Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $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 valued at about $764,543,000. Barclays PLC boosted its holdings in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after buying an additional 48,413 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after buying an additional 4,218 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FI opened at $208.67 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50-day moving average of $209.45 and a 200-day moving average of $186.76. The company has a market cap of $118.71 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a one year low of $136.93 and a one year high of $223.23.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on FI. Citigroup lifted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Susquehanna lifted their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. BMO Capital Markets upped their price objective on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. TD Cowen boosted their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Three investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents 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 valued at $18,581,095 in the last quarter. 0.75% of the stock is currently owned by insiders.

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.