Trust Co. of Vermont Has $454,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Trust Co. of Vermont raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,529 shares of the business services provider’s stock after purchasing an additional 217 shares during the quarter. Trust Co. of Vermont’s holdings in Fiserv were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wellington Shields & Co. LLC bought a new stake in Fiserv in the first quarter valued at $25,000. Family Firm Inc. bought a new position in shares of Fiserv in the second quarter valued at approximately $31,000. Clean Yield Group boosted its holdings in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. ZRC Wealth Management LLC bought a new stake in Fiserv during the 1st quarter worth approximately $32,000. Finally, Cedar Mountain Advisors LLC increased its holdings 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 in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Oppenheimer started coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective on the stock. Jefferies Financial Group increased their price objective on shares of Fiserv from $160.00 to $195.00 and gave the stock a “hold” rating in a report on Wednesday. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. BTIG Research initiated coverage on shares of Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Susquehanna boosted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.92.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on 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 completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction 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 $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 187,890 shares of company stock valued at $32,855,417. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Shares of FI stock opened at $197.30 on Friday. The firm has a market capitalization of $115.44 billion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $198.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a fifty day moving average of $177.05 and a 200-day moving average of $161.16.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the previous year, the firm earned $1.81 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post 8.74 earnings per share 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.