Bath Savings Trust Co Lowers Position in Fiserv, Inc. (NYSE:FI)

Bath Savings Trust Co reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,005 shares of the business services provider's stock after selling 1,722 shares during the period. Fiserv comprises 2.7% of Bath Savings Trust Co's investment portfolio, making the stock its 11th biggest position. Bath Savings Trust Co's holdings in Fiserv were worth $25,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vega Investment Solutions purchased a new stake in Fiserv during the fourth quarter valued at about $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv in the fourth quarter worth about $28,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $29,000. Finally, Compass Financial Services Inc purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $31,000. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider now owns 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the sale, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Redburn Atlantic reiterated a "sell" rating and issued a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Citigroup dropped their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Finally, UBS Group decreased their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.84.

Fiserv Trading Up 1.7%

Shares of Fiserv stock traded up $2.78 during trading on Friday, reaching $162.40. The company's stock had a trading volume of 11,957,533 shares, compared to its average volume of 3,175,467. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market cap of $90.04 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.52 and a beta of 0.97. The firm's 50-day moving average is $191.13 and its two-hundred day moving average is $207.19. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period last year, the firm earned $1.88 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has approved a share repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

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.