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

City Holding Co. lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 13.7% during the third quarter, Holdings Channel reports. The fund owned 13,877 shares of the business services provider’s stock after buying an additional 1,667 shares during the quarter. City Holding Co.’s holdings in Fiserv were worth $2,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atwood & Palmer Inc. lifted its position in shares of Fiserv by 6.6% during the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after buying an additional 66 shares during the last quarter. Cooper Financial Group lifted its holdings in Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 67 shares during the last quarter. Quent Capital LLC boosted its position in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares during the period. Fielder Capital Group LLC increased its stake in shares of Fiserv by 3.3% in the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after purchasing an additional 68 shares in the last quarter. Finally, Andina Capital Management LLC raised its position in shares of Fiserv by 3.1% in the second quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 70 shares during the period. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup upgraded Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Oppenheimer initiated coverage on Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price target for the company. B. Riley upped their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $183.00 price target on shares of Fiserv in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $177.64.

Fiserv Trading Up 1.6 %

Shares of FI opened at $187.88 on Wednesday. The stock has a market capitalization of $109.93 billion, a P/E ratio of 35.12, a PEG 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 firm has a fifty day simple moving average of $171.16 and a two-hundred day simple moving average of $159.05.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share 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 during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the business posted $1.81 earnings per share. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current year.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the company’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 $4,764,211.83. This 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 this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 211,890 shares of company stock worth $36,572,057. 0.75% of the stock is currently owned by 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.