Fiserv, Inc. (NYSE:FI) Shares Acquired by Trust Point Inc.

Trust Point Inc. lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,564 shares of the business services provider’s stock after purchasing an additional 254 shares during the quarter. Trust Point Inc.’s holdings in Fiserv were worth $527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $29,000. Clean Yield Group grew its stake in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Kennebec Savings Bank purchased a new position in Fiserv in the 3rd quarter valued at $40,000. Finally, Friedenthal Financial purchased a new position in Fiserv in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 6.8 %

Shares of FI opened at $228.83 on Thursday. The stock has a market capitalization of $130.19 billion, a PE ratio of 44.01, a P/E/G ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $231.61. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50-day simple moving average is $208.45 and its 200-day simple moving average is $192.25.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on FI. Citigroup raised their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley raised their price objective on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays raised their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Mizuho lifted their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price target on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insiders Place Their Bets

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by corporate insiders.

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.