First Western Trust Bank Has $6.91 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Key Points

• First Western Trust Bank sold 2,542 shares of Fiserv, Inc. in the first quarter, reducing its holdings by 7.5% and making Fiserv the 21st biggest position in their portfolio, valued at approximately $6.91 million.
• Insiders also sold significant shares, with EVP Andrew Gelb selling 5,652 shares for about $904,320, resulting in an 18.21% decrease in his ownership.
• Fiserv reported earnings of $2.47 per share for the last quarter, beating analysts' expectations, with a revenue of $5.20 billion, up 8% year-over-year.

First Western Trust Bank lowered its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 7.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,296 shares of the business services provider's stock after selling 2,542 shares during the period. Fiserv comprises 0.3% of First Western Trust Bank's portfolio, making the stock its 21st largest position. First Western Trust Bank's holdings in Fiserv were worth $6,911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FI. Vega Investment Solutions acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv in the 4th quarter valued at approximately $28,000. Abound Financial LLC acquired a new stake in Fiserv in the 1st quarter valued at approximately $38,000. Quarry LP increased its position in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Fiserv in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

FI has been the topic of several analyst reports. Susquehanna lowered their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. The Goldman Sachs Group lowered their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. UBS Group lowered their target price on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Jefferies Financial Group lowered their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Finally, Citigroup lowered their target price on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $207.08.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction 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 owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction 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 directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.75% of the company's stock.

Fiserv Stock Down 0.0%

Shares of Fiserv stock traded down $0.02 during midday trading on Tuesday, hitting $132.20. The company's stock had a trading volume of 3,002,077 shares, compared to its average volume of 4,478,920. The firm has a market capitalization of $71.86 billion, a P/E ratio of 22.07, a PEG ratio of 0.87 and a beta of 0.91. The stock has a 50-day simple moving average of $159.40 and a 200-day simple moving average of $189.43. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 earnings per share. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.