Central Bank & Trust Co. Sells 2,352 Shares of Fiserv, Inc. (NYSE:FI)

Central Bank & Trust Co. lessened its position in Fiserv, Inc. (NYSE:FI) by 36.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,071 shares of the business services provider’s stock after selling 2,352 shares during the period. Central Bank & Trust Co.’s holdings in Fiserv were worth $836,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of FI. Clean Yield Group lifted its holdings in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Fiserv during the third quarter valued at about $40,000. Friedenthal Financial purchased a new position in Fiserv during the fourth quarter worth about $49,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Fiserv in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred 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 $15,386,074.60. This represents a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the company’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 value of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. 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 quarter. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.2 %

NYSE FI opened at $208.67 on Tuesday. The stock has a 50-day moving average of $209.45 and a 200-day moving average of $187.30. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1-year low of $136.93 and a 1-year high of $223.23. The firm has a market cap of $118.71 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

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 analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the firm posted $1.96 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on FI. TD Cowen upped their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their target price on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Robert W. Baird increased their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Three research 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. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $224.00.

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.