First Financial Bank Trust Division Acquires 269 Shares of Fiserv, Inc. (NYSE:FI)

First Financial Bank Trust Division increased its holdings in Fiserv, Inc. (NYSE:FI) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 24,709 shares of the business services provider’s stock after purchasing an additional 269 shares during the period. First Financial Bank Trust Division’s holdings in Fiserv were worth $4,439,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of FI. Price T Rowe Associates Inc. MD bought a new stake in shares of Fiserv during the 4th quarter valued at about $5,885,279,000. Veritas Asset Management LLP bought a new stake in shares of Fiserv during the 4th quarter valued at about $927,298,000. Northern Trust Corp bought a new stake in shares of Fiserv during the 4th quarter valued at about $784,200,000. BlueSpruce Investments LP bought a new stake in shares of Fiserv during the 4th quarter valued at about $646,368,000. Finally, ValueAct Holdings L.P. bought a new stake in shares of Fiserv during the 4th quarter valued at about $556,446,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 0.6 %

FI stock opened at $182.44 on Thursday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $182.56. The stock has a market capitalization of $106.75 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. 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’s fifty day simple moving average is $169.66 and its two-hundred day simple moving average is $158.39.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Oppenheimer assumed coverage on Fiserv in a research report on Tuesday. They set an “outperform” rating and a $203.00 price objective on the stock. BMO Capital Markets lifted their price objective on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $154.00 to $175.00 in a report on Monday, July 22nd. B. Riley boosted their price target on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report 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. Four 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 company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $177.64.

Insider Transactions at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. 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. 0.75% of the stock is currently owned by insiders.

About Fiserv

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.