Fiserv, Inc. (NYSE:FI) Shares Bought by City Holding Co.

City Holding Co. grew its holdings in Fiserv, Inc. (NYSE:FI) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,718 shares of the business services provider’s stock after purchasing an additional 841 shares during the quarter. City Holding Co.’s holdings in Fiserv were worth $3,023,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Waypoint Capital Advisors LLC grew its holdings in Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Fiserv by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after buying an additional 51 shares in the last quarter. Optas LLC lifted its holdings in Fiserv by 1.7% during the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after buying an additional 54 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Finally, Central Valley Advisors LLC raised its position in shares of Fiserv by 0.5% during the 4th quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider’s stock worth $2,326,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other Fiserv news, 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 transaction of $8,078,800.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock valued at $18,581,095 in the last 90 days. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Tigress Financial lifted their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Jefferies Financial Group upped their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Susquehanna boosted their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Trading Up 1.2 %

Shares of FI opened at $208.67 on Monday. Fiserv, Inc. has a twelve month low of $136.93 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 firm has a market capitalization of $118.71 billion, a P/E ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. The firm’s 50-day moving average is $209.45 and its two-hundred day moving average is $187.03.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 firm 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.96 EPS. On average, research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal 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.