41,923 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Heritage Trust Co

Heritage Trust Co purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 41,923 shares of the business services provider's stock, valued at approximately $8,612,000. Fiserv accounts for approximately 1.0% of Heritage Trust Co's investment portfolio, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Fiserv in the 4th quarter worth about $1,406,452,000. Raymond James Financial Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $614,982,000. Alliancebernstein L.P. raised its position in shares of Fiserv by 65.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock worth $1,116,919,000 after purchasing an additional 2,153,554 shares during the last quarter. FMR LLC grew its holdings in Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after buying an additional 2,126,419 shares during the last quarter. Finally, Winslow Capital Management LLC purchased a new position in Fiserv during the fourth quarter worth $363,031,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company's stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Susquehanna dropped their price objective on Fiserv from $270.00 to $250.00 and set a "positive" rating for the company in a research report on Tuesday. Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research note on Wednesday, April 9th. Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada upped their price objective on Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $238.48.

Fiserv Stock Performance

Shares of FI traded up $0.59 during mid-day trading on Tuesday, hitting $212.83. The stock had a trading volume of 2,119,063 shares, compared to its average volume of 2,714,578. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market cap of $118.88 billion, a PE ratio of 39.49, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The company's fifty day simple moving average is $220.94 and its two-hundred day simple moving average is $210.90.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has initiated a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.