Indiana Trust & Investment Management Co Has $4.76 Million Holdings in Fiserv, Inc. (NYSE:FI)

Indiana Trust & Investment Management Co decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,152 shares of the business services provider’s stock after selling 331 shares during the quarter. Fiserv comprises 1.6% of Indiana Trust & Investment Management Co’s holdings, making the stock its 13th largest holding. Indiana Trust & Investment Management Co’s holdings in Fiserv were worth $4,756,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Soros Capital Management LLC raised its stake in shares of Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after buying an additional 22,884 shares during the period. Czech National Bank increased its stake in Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after acquiring an additional 6,072 shares during the last quarter. Chiron Investment Management LLC purchased a new position in Fiserv in the 3rd quarter worth approximately $4,709,000. Trust Co. of Vermont lifted its stake in Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv in the 4th quarter worth approximately $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Jefferies Financial Group increased their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Barclays increased their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday. Two 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $239.83.

Fiserv Stock Down 0.3 %

Shares of NYSE:FI opened at $229.97 on Wednesday. Fiserv, Inc. has a 12-month low of $142.47 and a 12-month high of $233.26. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock’s 50-day moving average price is $209.25 and its two-hundred day moving average price is $194.28. The firm has a market cap of $130.83 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, research analysts forecast that Fiserv, Inc. will post 10.22 EPS for the current year.

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.