Fulton Bank N.A. Trims Stake in Fiserv, Inc. (NYSE:FI)

Fulton Bank N.A. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,161 shares of the business services provider’s stock after selling 3,024 shares during the period. Fulton Bank N.A.’s holdings in Fiserv were worth $3,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FI. Clean Yield Group increased its holdings in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. Kennebec Savings Bank purchased a new stake in Fiserv in the third quarter worth about $40,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv during the 3rd quarter worth about $44,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock valued at $18,581,095 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE:FI traded up $0.97 during midday trading on Wednesday, hitting $204.79. The stock had a trading volume of 732,161 shares, compared to its average volume of 1,755,473. Fiserv, Inc. has a 1 year low of $134.34 and a 1 year 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 50 day moving average price of $209.42 and a two-hundred day moving average price of $184.17. The company has a market capitalization of $116.51 billion, a PE ratio of 39.38, a P/E/G ratio of 1.56 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted $1.96 earnings per share. As a group, equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FI shares. Wells Fargo & Company upped their price objective on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Mizuho increased their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup upped their price target on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Stephens reaffirmed an “overweight” rating and set a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. Finally, Oppenheimer lifted their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $222.88.

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.