Fiserv, Inc. (NYSE:FI) Stock Position Lifted by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,763 shares of the business services provider’s stock after purchasing an additional 84 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Fiserv were worth $263,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cooper Financial Group grew its position in shares of Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 67 shares during the last quarter. Quent Capital LLC grew its holdings in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares during the last quarter. Manchester Capital Management LLC increased its position in Fiserv by 0.8% in the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock worth $1,563,000 after buying an additional 73 shares during the period. BSW Wealth Partners lifted its holdings in shares of Fiserv by 2.8% during the first quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after buying an additional 76 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in shares of Fiserv by 13.7% in the first quarter. Eagle Bay Advisors LLC now owns 656 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on FI shares. Mizuho upped their target price on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. boosted their price target on Fiserv from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. B. Riley raised their price objective on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird boosted their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.29.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The disclosure for this sale can be found here. Insiders sold a total of 50,800 shares of company stock worth $7,696,448 in the last quarter. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

Shares of FI traded up $2.57 during mid-day trading on Tuesday, hitting $157.34. 2,760,924 shares of the company traded hands, compared to its average volume of 2,534,042. 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 stock has a market capitalization of $92.06 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.31 and a beta of 0.92. The business has a 50-day moving average of $152.43 and a 200 day moving average of $151.04. Fiserv, Inc. has a one year low of $109.11 and a one year high of $165.56.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.81 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal 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.