Hills Bank & Trust Co Cuts Stake in Fiserv, Inc. (NYSE:FI)

Hills Bank & Trust Co lessened its stake in Fiserv, Inc. (NYSE:FI) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,506 shares of the business services provider’s stock after selling 304 shares during the quarter. Hills Bank & Trust Co’s holdings in Fiserv were worth $9,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Jacobi Capital Management LLC raised its stake in shares of Fiserv by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock valued at $2,281,000 after buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Fiserv by 1.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock valued at $841,000 after acquiring an additional 45 shares in the last quarter. Catalina Capital Group LLC lifted its holdings in Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after acquiring an additional 48 shares during the period. Mount Yale Investment Advisors LLC grew its stake in shares of Fiserv by 1.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after purchasing an additional 50 shares during the period. Finally, Hemington Wealth Management increased its holdings in shares of Fiserv by 6.1% during the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 2.6 %

NYSE FI opened at $214.91 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The business’s fifty day simple moving average is $218.96 and its 200-day simple moving average is $204.40. The firm has a market cap of $120.62 billion, a PE ratio of 39.87, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its earnings results 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 net margin of 15.31% and a return on equity of 17.93%. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has approved a stock repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stephens raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price target on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. BMO Capital Markets increased their price target on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. KeyCorp boosted their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Susquehanna increased their target price on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. Three investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.75% of the stock is currently owned by company insiders.

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.