Builder Investment Group Inc. ADV Has $10.93 Million Position in Fiserv, Inc. (NYSE:FI)

Builder Investment Group Inc. ADV trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 53,186 shares of the business services provider’s stock after selling 51 shares during the quarter. Fiserv comprises about 3.0% of Builder Investment Group Inc. ADV’s holdings, making the stock its 6th biggest holding. Builder Investment Group Inc. ADV’s holdings in Fiserv were worth $10,925,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FI. FMR LLC grew 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 worth $1,696,341,000 after buying an additional 1,427,664 shares during the period. Legal & General Group Plc lifted its holdings in shares of Fiserv by 1.9% during the 2nd 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 in the last quarter. Sanders Capital LLC bought a new position in shares of Fiserv during the 3rd quarter valued at about $764,543,000. Blair William & Co. IL lifted its holdings in shares of Fiserv by 2.5% during the 2nd quarter. Blair William & Co. IL now owns 2,171,391 shares of the business services provider’s stock valued at $323,624,000 after purchasing an additional 52,748 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after purchasing an additional 48,413 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FI shares. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Morgan Stanley boosted their target price on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their target price on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Citigroup upped their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday. Three equities 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $223.17.

Insider Buying and Selling at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 directly owns 38,771 shares in the company, 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 a total of 90,821 shares of company stock valued at $18,581,095 in the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of NYSE FI opened at $204.12 on Thursday. 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 stock’s fifty day moving average price is $209.69 and its two-hundred day moving average price is $186.07. Fiserv, Inc. has a one year low of $135.97 and a one year high of $223.23. The firm has a market cap of $116.13 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 1.32 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating 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 analyst estimates of $4.90 billion. During the same period in the prior year, the firm posted $1.96 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

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.