AMG National Trust Bank Reduces Position in Fiserv, Inc. (NYSE:FI)

AMG National Trust Bank decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,652 shares of the business services provider’s stock after selling 2,026 shares during the period. AMG National Trust Bank’s holdings in Fiserv were worth $3,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of FI. Price T Rowe Associates Inc. MD increased its position in Fiserv by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after buying an additional 417,459 shares in the last quarter. Capital World Investors increased its holdings in Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after acquiring an additional 1,303,078 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Fiserv by 0.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after acquiring an additional 64,332 shares during the period. Legal & General Group Plc lifted its holdings in Fiserv by 1.9% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Fiserv by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock worth $441,173,000 after purchasing an additional 225,159 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on FI. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. KeyCorp raised their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays upped their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. BTIG Research began coverage on shares of Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.52.

Insider Activity at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 40.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,711 shares of company stock worth $47,477,232 over the last three months. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 0.9 %

FI stock opened at $212.77 on Tuesday. The company has a market capitalization of $121.05 billion, a PE ratio of 40.92, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $121.86 and a 12 month high of $215.50. The firm’s 50-day moving average is $192.16 and its 200 day moving average is $169.12.

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

Fiserv Company 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.