First National Trust Co Trims Holdings in Fiserv, Inc. (NYSE:FI)

First National Trust Co trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,924 shares of the business services provider’s stock after selling 519 shares during the quarter. First National Trust Co’s holdings in Fiserv were worth $8,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter worth $25,000. Clean Yield Group grew its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised its holdings in Fiserv by 42.5% in 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 last quarter. Family Firm Inc. bought a new position in Fiserv in the 2nd quarter valued at approximately $31,000. Finally, Kennebec Savings Bank purchased a new stake in Fiserv during the 3rd quarter valued at $40,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $214.86 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day moving average of $187.37 and a 200 day moving average of $166.57. The firm has a market capitalization of $122.24 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. Fiserv, Inc. has a 1 year low of $121.07 and a 1 year high of $215.45.

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

Wall Street Analyst Weigh In

FI has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Susquehanna raised their price target on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. KeyCorp boosted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Oppenheimer began coverage on shares of Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price for the company. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $207.25.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,890 shares of company stock worth $46,968,117 over the last quarter. 0.75% of the stock is currently owned by insiders.

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.