NBT Bank N A NY Acquires 1,143 Shares of Fiserv, Inc. (NYSE:FI)

NBT Bank N A NY grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,649 shares of the business services provider’s stock after acquiring an additional 1,143 shares during the period. NBT Bank N A NY’s holdings in Fiserv were worth $1,571,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marshall Investment Management LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $29,000. Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the fourth quarter worth $31,000. Kennebec Savings Bank purchased a new stake in shares of Fiserv during the third quarter worth $40,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $50,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 1.5 %

Shares of NYSE:FI opened at $214.76 on Tuesday. The stock’s 50-day moving average price is $218.48 and its 200-day moving average price is $203.69. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The stock has a market capitalization of $120.54 billion, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a stock buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

FI has been the topic of several recent research reports. Susquehanna increased their target price on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Wells Fargo & Company increased their price objective on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup increased their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays increased their price objective on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada increased their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.75% of the company’s stock.

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.