City Holding Co. Buys 1,667 Shares of Fiserv, Inc. (NYSE:FI)

City Holding Co. raised its position in shares of Fiserv, Inc. (NYSE:FI) by 13.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,877 shares of the business services provider’s stock after acquiring an additional 1,667 shares during the period. City Holding Co.’s holdings in Fiserv were worth $2,493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Country Trust Bank boosted its stake in Fiserv by 4.3% in the 3rd quarter. Country Trust Bank now owns 298,179 shares of the business services provider’s stock valued at $53,568,000 after purchasing an additional 12,241 shares during the period. Sugarloaf Wealth Management LLC lifted its holdings in shares of Fiserv by 5.2% during the third quarter. Sugarloaf Wealth Management LLC now owns 2,021 shares of the business services provider’s stock worth $363,000 after buying an additional 100 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of Fiserv by 18.2% in the third quarter. Atomi Financial Group Inc. now owns 4,894 shares of the business services provider’s stock valued at $879,000 after acquiring an additional 753 shares during the period. Park Place Capital Corp grew its stake in shares of Fiserv by 66.3% in the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after acquiring an additional 2,794 shares in the last quarter. Finally, Clean Yield Group increased its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock valued at $36,572,057 in the last ninety days. 0.75% of the stock is currently owned by insiders.

Fiserv Trading Up 1.6 %

NYSE FI opened at $187.88 on Wednesday. The company has a market cap of $109.93 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $188.85. 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 business’s fifty day moving average is $171.16 and its 200 day moving average is $159.05.

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

Analyst Ratings Changes

A number of analysts have issued reports on FI shares. TD Cowen boosted their price objective on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Robert W. Baird increased their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. lifted their price objective on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. 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. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $177.64.

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.