Stock Yards Bank & Trust Co. Sells 1,100 Shares of Fiserv, Inc. (NYSE:FI)

Stock Yards Bank & Trust Co. trimmed its position in Fiserv, Inc. (NYSE:FI) by 33.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,167 shares of the business services provider’s stock after selling 1,100 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Fiserv were worth $323,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FI. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the 1st quarter valued at approximately $25,000. GW&K Investment Management LLC bought a new position in Fiserv during the fourth quarter valued at $27,000. RE Dickinson Investment Advisors LLC purchased a new stake in Fiserv in the fourth quarter worth $27,000. Family Firm Inc. bought a new stake in shares of Fiserv in the second quarter valued at $31,000. Finally, ZRC Wealth Management LLC purchased a new position in shares of Fiserv during the 1st quarter valued at $32,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Down 0.0 %

Shares of NYSE:FI opened at $175.23 on Thursday. The firm has a market capitalization of $102.53 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $176.76. The firm has a fifty day moving average of $165.19 and a 200 day moving average of $156.39.

Fiserv (NYSE:FI) last posted 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. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 EPS. As a group, research analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FI shares. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company upped their price target on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Fiserv from $176.00 to $199.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their target price on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, TD Cowen lifted their price target on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold a total of 66,890 shares of company stock worth $10,853,407 in the last 90 days. 0.75% of the stock is 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.