AMG National Trust Bank Cuts Stake in Fiserv, Inc. (NYSE:FI)

AMG National Trust Bank lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,652 shares of the business services provider’s stock after selling 2,026 shares during the period. AMG National Trust Bank’s holdings in Fiserv were worth $3,710,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital World Investors raised its stake in Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after buying an additional 1,303,078 shares during the last quarter. Maj Invest Holding A S purchased a new position in shares of Fiserv in the 3rd quarter valued at approximately $172,993,000. Manning & Napier Advisors LLC acquired a new stake in Fiserv in the 2nd quarter worth approximately $105,031,000. Mizuho Securities USA LLC grew its position in Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after purchasing an additional 558,774 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Fiserv by 1,642.5% during the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after purchasing an additional 471,531 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.9 %

Shares of NYSE:FI opened at $212.77 on Tuesday. The business’s 50 day moving average price is $192.16 and its 200-day moving average price is $169.12. Fiserv, Inc. has a 1 year low of $121.86 and a 1 year high of $215.50. The firm has a market capitalization of $121.05 billion, a price-to-earnings ratio of 40.92, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. On average, equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction 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 sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 4.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 40.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 254,711 shares of company stock worth $47,477,232. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FI shares. Robert W. Baird lifted their price objective 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. Morgan Stanley lifted their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. UBS Group lifted their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their target price on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.52.

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.