First Financial Bank Trust Division Grows Stake in Fiserv, Inc. (NYSE:FI)

First Financial Bank Trust Division increased its holdings in Fiserv, Inc. (NYSE:FI) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,160 shares of the business services provider’s stock after purchasing an additional 451 shares during the period. First Financial Bank Trust Division’s holdings in Fiserv were worth $5,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Soros Capital Management LLC raised its holdings in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares in the last quarter. Chiron Investment Management LLC bought a new position in shares of Fiserv in the 3rd quarter valued at about $4,709,000. Maxwell Wealth Strategies Inc. grew its position in Fiserv by 23.6% in the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock worth $2,696,000 after acquiring an additional 2,869 shares in the last quarter. M&T Bank Corp grew its position in Fiserv by 12.0% in the third quarter. M&T Bank Corp now owns 140,460 shares of the business services provider’s stock worth $25,234,000 after acquiring an additional 15,103 shares in the last quarter. Finally, Park Place Capital Corp increased its stake in Fiserv by 66.3% during the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after acquiring an additional 2,794 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Up 0.3 %

Shares of FI stock traded up $0.56 on Thursday, hitting $205.98. The stock had a trading volume of 1,975,562 shares, compared to its average volume of 2,532,979. 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 one year low of $131.41 and a one year high of $223.23. The business has a 50 day moving average price of $209.05 and a 200 day moving average price of $182.35. The company has a market cap of $117.19 billion, a PE ratio of 39.61, a P/E/G ratio of 1.56 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share 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 net margin of 15.22% and a return on equity of 17.10%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 EPS. Research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

FI has been the subject of a number of recent research reports. Jefferies Financial Group lifted their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. UBS Group lifted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird increased their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Susquehanna lifted their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.88.

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.