Hills Bank & Trust Co Has $9.60 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Hills Bank & Trust Co decreased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,485 shares of the business services provider's stock after selling 2,021 shares during the quarter. Hills Bank & Trust Co's holdings in Fiserv were worth $9,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in Fiserv by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock valued at $2,435,280,000 after buying an additional 218,833 shares in the last quarter. FMR LLC lifted its stake in Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after purchasing an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Fiserv by 16.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after purchasing an additional 1,121,597 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Fiserv by 5.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after acquiring an additional 340,938 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Fiserv during the fourth quarter valued at about $1,406,452,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 18th. Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research report on Friday, April 25th. Barclays lowered their price objective on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

Fiserv Stock Performance

NYSE FI traded up $1.11 during trading on Friday, reaching $172.47. The company's stock had a trading volume of 3,934,470 shares, compared to its average volume of 3,337,275. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $95.62 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 1.07 and a beta of 0.90. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59. The business's fifty day moving average price is $173.34 and its 200-day moving average price is $200.51.

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

Insider Buying and Selling

In related news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the 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 completion of the sale, the insider now directly 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 disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

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.