Trust Co. of Oklahoma Has $4.48 Million Holdings in Fiserv, Inc. (NYSE:FI)

Trust Co. of Oklahoma trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,798 shares of the business services provider’s stock after selling 526 shares during the quarter. Fiserv comprises 1.4% of Trust Co. of Oklahoma’s portfolio, making the stock its 18th biggest holding. Trust Co. of Oklahoma’s holdings in Fiserv were worth $4,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Clean Yield Group boosted its holdings in 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 acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted 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 valued at $34,000 after purchasing an additional 57 shares during the period. Newbridge Financial Services Group Inc. grew 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 buying an additional 127 shares during the last quarter. Kennebec Savings Bank bought a new position in Fiserv in the 3rd quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Fiserv during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.2 %

FI stock opened at $209.48 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23. The company has a market cap of $119.18 billion, a P/E ratio of 40.28, a PEG ratio of 1.37 and a beta of 0.94. The business has a fifty day moving average of $209.15 and a 200-day moving average of $188.28.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the company posted $1.96 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Susquehanna upped their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Oppenheimer lifted their target price on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Barclays boosted their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

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.