Busey Bank Buys 488 Shares of Fiserv, Inc. (NYSE:FI)

Busey Bank boosted its position in Fiserv, Inc. (NYSE:FI) by 0.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,941 shares of the business services provider’s stock after buying an additional 488 shares during the quarter. Busey Bank’s holdings in Fiserv were worth $17,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in FI. Waypoint Capital Advisors LLC raised its stake in Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Atwood & Palmer Inc. lifted its stake in shares of Fiserv by 6.6% during the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after buying an additional 66 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after buying an additional 68 shares in the last quarter. Finally, Fielder Capital Group LLC boosted its holdings in Fiserv by 3.3% in the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock worth $317,000 after buying an additional 68 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction 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 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 the SEC website. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,890 shares of company stock worth $40,934,217. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $203.26 on Friday. Fiserv, Inc. has a 12 month low of $111.53 and a 12 month high of $204.50. The firm has a market capitalization of $118.93 billion, a P/E ratio of 37.99, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $179.29 and a two-hundred day simple moving average of $162.09.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the company posted $1.96 EPS. Fiserv’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. KeyCorp increased their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group raised their target price on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday. B. Riley upped their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Morgan Stanley increased their price target on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, TD Cowen boosted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $202.08.

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.