First National Trust Co Takes Position in Fiserv, Inc. (NYSE:FI)

First National Trust Co purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 83,600 shares of the business services provider's stock, valued at approximately $11,105,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Todd Asset Management LLC acquired a new position in Fiserv in the 4th quarter worth about $29,402,000. AJOVista LLC acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $108,000. Baxter Bros Inc. bought a new position in Fiserv in the 4th quarter valued at approximately $5,181,000. Ifrah Financial Services Inc. acquired a new stake in Fiserv during the 4th quarter worth approximately $1,420,000. Finally, VeraBank N.A. bought a new stake in Fiserv during the 4th quarter worth approximately $917,000. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last 90 days. Insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Mizuho reaffirmed a "buy" rating and set a $156.00 price target on shares of Fiserv in a research note on Wednesday, March 27th. UBS Group raised their target price on Fiserv from $170.00 to $185.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Royal Bank of Canada upped their price target on Fiserv from $158.00 to $180.00 and gave the company an "outperform" rating in a research report on Wednesday, April 24th. TD Cowen raised their price objective on Fiserv from $167.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Finally, BNP Paribas raised Fiserv from a "neutral" rating to an "outperform" rating in a research note on Wednesday, January 10th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.33.

Fiserv Stock Up 0.0 %

Shares of FI traded up $0.05 during trading hours on Friday, reaching $149.22. The stock had a trading volume of 2,942,846 shares, compared to its average volume of 2,577,646. The firm has a 50-day simple moving average of $152.74 and a 200 day simple moving average of $139.39. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $87.31 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.20 and a beta of 0.92.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.58 earnings per share. Equities research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

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.