Fiserv, Inc. (NYSE:FI) Shares Sold by Riverview Trust Co

Riverview Trust Co reduced its position in Fiserv, Inc. (NYSE:FI) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 889 shares of the business services provider’s stock after selling 91 shares during the quarter. Riverview Trust Co’s holdings in Fiserv were worth $160,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Moss Adams Wealth Advisors LLC purchased a new stake in Fiserv in the 3rd quarter valued at approximately $451,000. Net Worth Advisory Group purchased a new stake in Fiserv during the third quarter worth about $749,000. Aaron Wealth Advisors LLC lifted its position in shares of Fiserv by 24.4% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,659 shares of the business services provider’s stock valued at $478,000 after acquiring an additional 521 shares during the period. Claro Advisors LLC boosted its stake in shares of Fiserv by 285.7% during the 3rd quarter. Claro Advisors LLC now owns 7,799 shares of the business services provider’s stock worth $1,401,000 after acquiring an additional 5,777 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Fiserv by 2.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 11,813 shares of the business services provider’s stock worth $2,122,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 187,890 shares of company stock worth $32,855,417. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 0.8 %

Shares of NYSE:FI opened at $197.30 on Friday. The company has a 50 day moving average of $177.05 and a 200-day moving average of $161.16. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market cap of $115.44 billion, a P/E ratio of 36.88, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $198.86.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the previous year, the business earned $1.81 earnings per share. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on FI shares. Barclays upped their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. TD Cowen raised their price objective on shares of Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. BTIG Research initiated coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Keefe, Bruyette & Woods upped their price objective on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley boosted their target price on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday. Three 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.92.

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.