Fiduciary Trust Co Has $4.98 Million Position in Fiserv, Inc. (NYSE:FI)

Fiduciary Trust Co decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,709 shares of the business services provider’s stock after selling 136 shares during the period. Fiduciary Trust Co’s holdings in Fiserv were worth $4,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Sanders Capital LLC bought a new position in shares of Fiserv in the third quarter worth about $764,543,000. FMR LLC increased its position in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S bought a new position in Fiserv in the 3rd quarter valued at approximately $172,993,000. Manning & Napier Advisors LLC acquired a new stake in Fiserv in the second quarter valued at approximately $105,031,000. Finally, Mizuho Securities USA LLC boosted its position in Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 0.8 %

NYSE:FI opened at $220.59 on Friday. Fiserv, Inc. has a 12 month low of $126.68 and a 12 month high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $125.50 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 1.70 and a beta of 0.92. The firm has a fifty day simple moving average of $199.38 and a two-hundred day simple moving average of $172.62.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted $1.96 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the business’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 value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock worth $44,299,745 over the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of research reports. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup increased their target price on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Robert W. Baird boosted their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. raised their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, KeyCorp boosted their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.29.

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.