Central Bank & Trust Co. Lowers Position in Fiserv, Inc. (NYSE:FI)

Central Bank & Trust Co. trimmed its position in Fiserv, Inc. (NYSE:FI) by 36.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,071 shares of the business services provider’s stock after selling 2,352 shares during the period. Central Bank & Trust Co.’s holdings in Fiserv were worth $836,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group grew its position in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its stake in Fiserv by 42.5% during the third 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 in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Fiserv during the third quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv during the third quarter valued at approximately $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.2 %

Fiserv stock opened at $208.67 on Tuesday. The business has a 50-day simple moving average of $209.45 and a two-hundred day simple moving average of $187.30. Fiserv, Inc. has a 52-week low of $136.93 and a 52-week high of $223.23. 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 has a market cap of $118.71 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.32 and a beta of 0.94.

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. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the business posted $1.96 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Transactions at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated 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 transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the 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 sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock worth $18,581,095 in the last 90 days. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FI. Royal Bank of Canada upped their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. TD Cowen increased their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Mizuho increased their price objective 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. Finally, UBS Group lifted their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three investment 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 company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

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.