AAFMAA Wealth Management & Trust LLC Has $1.36 Million Stock Position in Fiserv, Inc. (NYSE:FI)

AAFMAA Wealth Management & Trust LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 17.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,641 shares of the business services provider’s stock after selling 1,383 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Fiserv were worth $1,364,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Clean Yield Group lifted its position in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in 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 buying an additional 57 shares during the period. Newbridge Financial Services Group Inc. boosted its position in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares during the last quarter. Kennebec Savings Bank acquired a new stake in Fiserv during the 3rd quarter worth about $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv in the 3rd quarter worth about $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FI stock opened at $201.63 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market cap of $114.71 billion, a PE ratio of 38.78, a P/E/G ratio of 1.56 and a beta of 0.94. The business has a 50 day moving average of $209.66 and a 200-day moving average of $185.68. Fiserv, Inc. has a 12-month low of $135.97 and a 12-month high of $223.23.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 EPS. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $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 is available at 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 shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,821 shares of company stock worth $18,581,095. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets raised their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their target price on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Oppenheimer upped their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $222.88.

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.