Country Trust Bank Has $56.66 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Country Trust Bank cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 275,814 shares of the business services provider’s stock after selling 22,365 shares during the period. Fiserv accounts for 1.4% of Country Trust Bank’s holdings, making the stock its 18th largest position. Country Trust Bank’s holdings in Fiserv were worth $56,658,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Tigress Financial upped their price objective on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer lifted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada upped their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Citigroup boosted their price target on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Stock Performance

Shares of Fiserv stock opened at $215.91 on Friday. The business has a 50-day moving average price of $208.83 and a two-hundred day moving average price of $190.54. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market cap of $122.84 billion, a P/E ratio of 41.52, a PEG ratio of 1.39 and a beta of 0.94.

Fiserv 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.