First Bank & Trust Acquires 482 Shares of Fiserv, Inc. (NYSE:FI)

First Bank & Trust lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 25.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,350 shares of the business services provider’s stock after purchasing an additional 482 shares during the period. First Bank & Trust’s holdings in Fiserv were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. FMR LLC raised its stake 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 buying an additional 1,427,664 shares during the period. Sanders Capital LLC acquired a new position in Fiserv during the 3rd quarter worth approximately $764,543,000. Barclays PLC raised its stake in Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after buying an additional 48,413 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after buying an additional 4,218 shares during the period. Finally, Provident Trust Co. raised its stake in Fiserv by 15.8% during the 4th quarter. Provident Trust Co. now owns 1,278,089 shares of the business services provider’s stock worth $262,545,000 after buying an additional 174,505 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of NYSE FI opened at $234.63 on Friday. The stock has a fifty day simple moving average of $213.26 and a two-hundred day simple moving average of $197.74. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.00. The firm has a market cap of $133.48 billion, a price-to-earnings ratio of 43.53, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. 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 for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has approved a share buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FI. Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. BMO Capital Markets increased their price objective on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group increased their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Barclays increased their price objective on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Stephens increased their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $239.83.

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.