Heartland Bank & Trust Co Takes $417,000 Position in Fiserv, Inc. (NYSE:FI)

Heartland Bank & Trust Co purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,889 shares of the business services provider's stock, valued at approximately $417,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Rappaport Reiches Capital Management LLC grew its holdings in Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after buying an additional 48 shares in the last quarter. Intact Investment Management Inc. bought a new position in Fiserv during the 1st quarter valued at $66,000. Canton Hathaway LLC boosted its stake in Fiserv by 554.2% during the 1st quarter. Canton Hathaway LLC now owns 1,570 shares of the business services provider's stock valued at $347,000 after purchasing an additional 1,330 shares in the last quarter. Suncoast Equity Management boosted its stake in Fiserv by 1.8% during the 1st quarter. Suncoast Equity Management now owns 217,273 shares of the business services provider's stock valued at $47,980,000 after purchasing an additional 3,923 shares in the last quarter. Finally, Aspire Private Capital LLC boosted its stake in Fiserv by 5.0% during the 1st quarter. Aspire Private Capital LLC now owns 4,101 shares of the business services provider's stock valued at $906,000 after purchasing an additional 196 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now directly owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Fiserv Stock Up 4.4%

Fiserv stock traded up $7.24 during mid-day trading on Monday, hitting $170.62. 7,137,073 shares of the company's stock were exchanged, compared to its average volume of 3,305,232. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The stock has a market cap of $94.60 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.01 and a beta of 0.91. The stock has a 50 day moving average of $177.23 and a two-hundred day moving average of $201.62.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research reports. Susquehanna decreased their price target on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating and set a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a research report on Friday, April 25th. The Goldman Sachs Group cut their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. UBS Group reduced their target price on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. Finally, Redburn Atlantic restated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

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.