Bath Savings Trust Co Has $21.48 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Bath Savings Trust Co lessened its stake in Fiserv, Inc. (NYSE:FI) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,553 shares of the business services provider’s stock after selling 2,009 shares during the quarter. Fiserv comprises 2.1% of Bath Savings Trust Co’s investment portfolio, making the stock its 13th biggest position. Bath Savings Trust Co’s holdings in Fiserv were worth $21,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Atwood & Palmer Inc. lifted its holdings in shares of Fiserv by 6.6% in the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock worth $192,000 after acquiring an additional 66 shares during the last quarter. New England Research & Management Inc. acquired a new position in Fiserv during the 3rd quarter worth approximately $201,000. Richard P Slaughter Associates Inc bought a new position in Fiserv in the 3rd quarter valued at approximately $216,000. Salvus Wealth Management LLC acquired a new stake in Fiserv in the third quarter valued at approximately $2,801,000. Finally, Myecfo LLC acquired a new stake in Fiserv in the third quarter valued at approximately $211,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FI shares. TD Cowen increased their price target on Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. increased their target price on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. B. Riley lifted their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. KeyCorp upped their price objective on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, BTIG Research assumed coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective for the company. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.64.

Insider Activity

In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The stock was 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 directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Frank Bisignano sold 145,000 shares of the company’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 sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock worth $36,572,057 over the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Down 0.2 %

Fiserv stock opened at $184.98 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $108.23 billion, a PE ratio of 34.58, a PEG ratio of 1.45 and a beta of 0.93. The firm’s fifty day moving average is $170.71 and its 200 day moving average is $158.85. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $186.26.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the prior year, the firm earned $1.81 EPS. The business’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

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.