1ST Source Bank Buys 105 Shares of Fiserv, Inc. (NYSE:FI)

1ST Source Bank increased its position in shares of Fiserv, Inc. (NYSE:FI) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,760 shares of the business services provider’s stock after buying an additional 105 shares during the quarter. 1ST Source Bank’s holdings in Fiserv were worth $855,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of Fiserv during the second quarter worth about $31,000. Clean Yield Group boosted its stake in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares during the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 235,821 shares of company stock worth $44,299,745. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $204.66 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market cap of $116.43 billion, a PE ratio of 39.36, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $131.41 and a 12-month high of $223.23. The company’s fifty day simple moving average is $205.80 and its two-hundred day simple moving average is $176.96.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 earnings per share. As a group, equities analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FI. Wells Fargo & Company upped their price target on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada increased their price objective on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group boosted their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Morgan Stanley raised their target price on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $217.50.

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.