Country Trust Bank Buys 12,241 Shares of Fiserv, Inc. (NYSE:FI)

Country Trust Bank boosted its position in Fiserv, Inc. (NYSE:FI) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,179 shares of the business services provider’s stock after buying an additional 12,241 shares during the period. Fiserv makes up approximately 1.3% of Country Trust Bank’s portfolio, making the stock its 20th biggest position. Country Trust Bank’s holdings in Fiserv were worth $53,568,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in shares of Fiserv in the 1st quarter worth about $2,359,000. BlueSpruce Investments LP bought a new position in shares of Fiserv in the fourth quarter valued at approximately $646,368,000. ORG Partners LLC boosted its position in shares of Fiserv by 3,016.0% during the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after buying an additional 3,197 shares during the last quarter. ZRC Wealth Management LLC bought a new stake in Fiserv during the first quarter worth $32,000. Finally, Acadian Asset Management LLC raised its position in Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after buying an additional 44,776 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FI shares. Robert W. Baird upped their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Oppenheimer initiated coverage on shares of Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price on the stock. Wells Fargo & Company increased their price target on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.64.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. 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 at this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, July 15th. The shares were 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 approximately $25,350,427.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 211,890 shares of company stock worth $36,572,057. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $187.88 on Wednesday. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $188.85. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a market cap of $109.93 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The stock has a 50-day moving average price of $171.16 and a 200-day moving average price of $159.05.

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

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.