Arvest Trust Co. N A Has $24.05 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Arvest Trust Co. N A trimmed its position in Fiserv, Inc. (NYSE:FI) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,390 shares of the business services provider’s stock after selling 6,688 shares during the quarter. Fiserv comprises approximately 1.4% of Arvest Trust Co. N A’s holdings, making the stock its 20th largest position. Arvest Trust Co. N A’s holdings in Fiserv were worth $24,054,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Shields & Co. LLC bought a new stake in Fiserv in the 1st quarter valued at $25,000. GW&K Investment Management LLC acquired a new stake in Fiserv during the fourth quarter worth about $27,000. RE Dickinson Investment Advisors LLC bought a new position in Fiserv during the fourth quarter valued at about $27,000. Family Firm Inc. acquired a new position in Fiserv in the 2nd quarter valued at approximately $31,000. Finally, ZRC Wealth Management LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $32,000. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on FI shares. JPMorgan Chase & Co. boosted their price objective on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Wells Fargo & Company raised their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. KeyCorp increased their price target on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, Mizuho increased their target price on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.32.

Insider Buying and Selling

In other news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. The transaction was disclosed in a document filed 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 transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The disclosure for this sale can be found here. In the last three months, insiders sold 66,890 shares of company stock valued at $10,853,407. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Up 0.3 %

NYSE:FI opened at $175.35 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $176.48. The stock’s fifty day simple moving average is $164.18 and its 200-day simple moving average is $156.08. The firm has a market capitalization of $102.60 billion, a P/E ratio of 32.78, a P/E/G ratio of 1.38 and a beta of 0.93.

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

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.