First National Bank of Mount Dora Trust Investment Services Has $448,000 Holdings in Fiserv, Inc. (NYSE:FI)

First National Bank of Mount Dora Trust Investment Services decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.2% in the 3rd quarter, Holdings Channel reports. The fund owned 2,495 shares of the business services provider’s stock after selling 82 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Fiserv were worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FI. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv during the first quarter valued at about $25,000. Clean Yield Group raised its holdings in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the period. Family Firm Inc. bought a new stake in Fiserv during the 2nd quarter worth approximately $31,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv during the 3rd quarter worth approximately $44,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. BMO Capital Markets raised their price objective on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Mizuho increased their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.25.

Insiders Place Their Bets

In related news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,890 shares of company stock worth $46,968,117 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

NYSE:FI traded down $0.16 during trading hours on Monday, reaching $201.89. The stock had a trading volume of 317,575 shares, compared to its average volume of 2,475,574. Fiserv, Inc. has a 12-month low of $118.42 and a 12-month high of $204.50. The stock has a 50 day simple moving average of $183.87 and a 200 day simple moving average of $164.58. The stock has a market cap of $114.86 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

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