Community Bank N.A. Takes $998,000 Position in Fiserv, Inc. $FI

Community Bank N.A. acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,788 shares of the business services provider’s stock, valued at approximately $998,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Verdence Capital Advisors LLC lifted its position in shares of Fiserv by 8.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock valued at $6,975,000 after acquiring an additional 3,097 shares during the last quarter. Delaney Dennis R lifted its position in shares of Fiserv by 0.7% during the 2nd quarter. Delaney Dennis R now owns 42,420 shares of the business services provider’s stock valued at $7,314,000 after acquiring an additional 295 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Fiserv by 2.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 84,241 shares of the business services provider’s stock valued at $14,524,000 after acquiring an additional 2,110 shares during the last quarter. Lion Street Advisors LLC acquired a new stake in shares of Fiserv during the 2nd quarter valued at $220,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Fiserv by 85.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 3,738 shares of the business services provider’s stock valued at $645,000 after acquiring an additional 1,720 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 1.2%

NYSE FI opened at $124.00 on Wednesday. Fiserv, Inc. has a 1-year low of $121.40 and a 1-year high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $67.40 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95. The firm’s fifty day simple moving average is $132.70 and its 200-day simple moving average is $160.65.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $4.32 billion for the quarter. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent research reports. Raymond James Financial set a $167.00 price objective on Fiserv and gave the company an “outperform” rating in a research report on Friday. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. UBS Group cut their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group cut their target price on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $202.73.

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.