Central Pacific Bank Trust Division Has $2.04 Million Stake in Fiserv, Inc. (NYSE:FI)

Central Pacific Bank Trust Division cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,913 shares of the business services provider’s stock after selling 620 shares during the period. Central Pacific Bank Trust Division’s holdings in Fiserv were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clean Yield Group lifted its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. Kennebec Savings Bank bought a new stake in shares of Fiserv during the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv in the third quarter worth $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at approximately $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 three months. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.0 %

FI stock traded up $2.12 during trading on Friday, reaching $208.10. The stock had a trading volume of 675,285 shares, compared to its average volume of 1,330,881. The company has a market capitalization of $118.39 billion, a price-to-earnings ratio of 40.02, a P/E/G ratio of 1.56 and a beta of 0.93. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $209.10 and its two-hundred day moving average is $182.52. Fiserv, Inc. has a one year low of $131.95 and a one year high of $223.23.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FI. Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer raised their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. BMO Capital Markets upped their price objective on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Morgan Stanley lifted their target price on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their price target on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $222.88.

Fiserv Profile

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.