Trust Co. of Vermont Has $454,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Trust Co. of Vermont boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,529 shares of the business services provider’s stock after buying an additional 217 shares during the quarter. Trust Co. of Vermont’s holdings in Fiserv were worth $454,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Bessemer Group Inc. raised its stake in shares of Fiserv by 67.2% during the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after purchasing an additional 1,306,901 shares in the last quarter. Capital World Investors increased its holdings in Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after buying an additional 1,303,078 shares during the last quarter. Maj Invest Holding A S bought a new stake in Fiserv during the third quarter worth $172,993,000. Manning & Napier Advisors LLC acquired a new stake in Fiserv in the second quarter valued at $105,031,000. Finally, American Century Companies Inc. grew its position in shares of Fiserv by 1,642.5% in the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after acquiring an additional 471,531 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % 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 John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,890 shares of company stock valued at $32,855,417. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FI shares. B. Riley upped their target price on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Jefferies Financial Group raised their price objective on Fiserv from $160.00 to $195.00 and gave the company a “hold” rating in a research report on Wednesday. William Blair raised Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company raised their price target on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, KeyCorp upped their price objective on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.92.

Fiserv Trading Up 0.8 %

Shares of Fiserv stock opened at $197.30 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $198.86. The company has a market capitalization of $115.44 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.44 and a beta of 0.93. The firm’s 50-day moving average price is $177.05 and its two-hundred day moving average price is $161.16.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period last year, the firm posted $1.81 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal 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.