First Bank & Trust Makes New Investment in Fiserv, Inc. (NYSE:FI)

First Bank & Trust acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,532 shares of the business services provider’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after buying an additional 789,232 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Fiserv in the fourth quarter valued at about $5,885,279,000. Capital World Investors acquired a new stake in Fiserv in the fourth quarter valued at about $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new stake in Fiserv in the fourth quarter valued at about $960,592,000. Finally, Veritas Asset Management LLP acquired a new stake in Fiserv in the fourth quarter valued at about $927,298,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.0 %

FI stock opened at $149.04 on Friday. The stock has a market capitalization of $87.20 billion, a P/E ratio of 27.86, a PEG ratio of 1.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a 50 day moving average price of $150.81 and a two-hundred day moving average price of $147.10.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 EPS. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.69 EPS for the current year.

Insider Activity

In other news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The disclosure for this sale can be found here. Insiders sold 50,729 shares of company stock valued at $7,611,991 in the last ninety days. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Susquehanna raised their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Citigroup raised their price objective on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company initiated coverage on shares of Fiserv in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 price objective for the company. Finally, Royal Bank of Canada lifted their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $165.44.

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.