Fiserv, Inc. (NYSE:FI) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,224 shares of the business services provider’s stock after selling 143 shares during the quarter. Wesbanco Bank Inc.’s holdings in Fiserv were worth $1,484,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FI. Janney Montgomery Scott LLC boosted its holdings in Fiserv by 7.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 64,287 shares of the business services provider’s stock worth $13,206,000 after buying an additional 4,196 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of Fiserv by 4.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 6,755 shares of the business services provider’s stock valued at $1,388,000 after acquiring an additional 295 shares in the last quarter. Park Place Capital Corp boosted its stake in shares of Fiserv by 7.9% in the fourth quarter. Park Place Capital Corp now owns 7,559 shares of the business services provider’s stock worth $1,553,000 after acquiring an additional 551 shares during the last quarter. Daymark Wealth Partners LLC increased its position in shares of Fiserv by 41.3% during the fourth quarter. Daymark Wealth Partners LLC now owns 1,581 shares of the business services provider’s stock worth $325,000 after purchasing an additional 462 shares in the last quarter. Finally, Advisory Alpha LLC raised its stake in Fiserv by 29.2% in the 4th quarter. Advisory Alpha LLC now owns 1,946 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Tigress Financial increased their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price objective on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Activity

In other news, Director Heidi Miller sold 30,000 shares of the 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 approximately $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 1.5 %

Shares of NYSE FI opened at $206.35 on Friday. The stock has a fifty day simple moving average of $209.15 and a 200-day simple moving average of $188.28. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $117.40 billion, a PE ratio of 39.68, a PEG ratio of 1.37 and a beta of 0.94.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $1.96 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current 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.