Sabal Trust CO Purchases 3,143 Shares of Fiserv, Inc. (NYSE:FI)

Sabal Trust CO raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 33.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,638 shares of the business services provider’s stock after purchasing an additional 3,143 shares during the quarter. Sabal Trust CO’s holdings in Fiserv were worth $1,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norden Group LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $2,359,000. BlueSpruce Investments LP bought a new stake in shares of Fiserv during the fourth quarter valued at about $646,368,000. ORG Partners LLC lifted its holdings in shares of Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares in the last quarter. TD Asset Management Inc purchased a new stake in shares of Fiserv in the fourth quarter worth about $39,137,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $88,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of a number of analyst reports. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. BTIG Research began coverage on Fiserv in a research report on Wednesday. They issued a “buy” rating and a $200.00 price objective on the stock. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. B. Riley upped their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price target on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $174.32.

Fiserv Trading Up 1.0 %

Shares of FI stock opened at $174.60 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $158.94 and a 200 day moving average of $154.07. The stock has a market capitalization of $100.52 billion, a PE ratio of 32.64, a P/E/G ratio of 1.41 and a beta of 0.92. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $174.81.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold a total of 93,690 shares of company stock valued at $14,833,215 in the last quarter. Insiders own 0.75% of the company’s stock.

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.