First American Trust FSB Takes Position in Fiserv, Inc. (NYSE:FI)

First American Trust FSB acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 913 shares of the business services provider’s stock, valued at approximately $202,000.

Several other institutional investors have also recently modified their holdings of FI. Nuveen LLC bought a new position in shares of Fiserv during the 1st quarter valued at about $1,722,584,000. JPMorgan Chase & Co. boosted its holdings in Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. GAMMA Investing LLC increased its stake in Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider’s stock worth $843,991,000 after purchasing an additional 3,804,358 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Fiserv by 343.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider’s stock worth $576,527,000 after purchasing an additional 2,174,025 shares during the period. Finally, Northern Trust Corp lifted its position in Fiserv by 19.5% in the fourth quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider’s stock valued at $1,274,984,000 after purchasing an additional 1,014,126 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

NYSE:FI opened at $133.10 on Monday. 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 $72.35 billion, a P/E ratio of 22.22, a P/E/G ratio of 0.87 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The business’s 50-day moving average is $159.99 and its 200 day moving average is $189.97.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FI. Stephens lowered their price objective on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Citigroup lowered their price objective on Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Robert W. Baird lowered their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Redburn Atlantic reiterated a “sell” rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Finally, UBS Group lowered their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $207.08.

Insider Buying and Selling

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

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.