WoodTrust Financial Corp Purchases 306 Shares of Fiserv, Inc. (NYSE:FI)

WoodTrust Financial Corp grew its holdings in Fiserv, Inc. (NYSE:FI) by 19.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,908 shares of the business services provider’s stock after purchasing an additional 306 shares during the period. WoodTrust Financial Corp’s holdings in Fiserv were worth $305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FI. Vanguard Group Inc. bought a new stake in Fiserv during the 3rd quarter worth approximately $5,705,241,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Fiserv during the 4th quarter valued at $5,885,279,000. Capital World Investors bought a new position in shares of Fiserv in the fourth quarter worth $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Fiserv in the fourth quarter worth $960,592,000. Finally, Veritas Asset Management LLP bought a new stake in Fiserv during the fourth quarter valued at $927,298,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Down 0.0 %

FI traded down $0.04 during trading on Friday, hitting $149.04. 3,926,039 shares of the company’s stock traded hands, compared to its average volume of 2,461,209. The stock has a market capitalization of $87.20 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.20 and a beta of 0.93. The company’s 50 day simple moving average is $150.81 and its two-hundred day simple moving average is $147.10. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the business earned $1.58 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,729 shares of company stock valued at $7,611,991. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. KeyCorp raised their price target on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Susquehanna increased their price objective on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Robert W. Baird boosted their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Barclays upped their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.44.

About Fiserv

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.