Fiserv, Inc. (NYSE:FI) Shares Sold by AMG National Trust Bank

AMG National Trust Bank lowered its position in Fiserv, Inc. (NYSE:FI - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,541 shares of the business services provider's stock after selling 3,111 shares during the period. AMG National Trust Bank's holdings in Fiserv were worth $3,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Andra AP fonden increased its holdings in shares of Fiserv by 536.4% during the 4th quarter. Andra AP fonden now owns 61,695 shares of the business services provider's stock valued at $12,673,000 after purchasing an additional 52,000 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Fiserv by 100.1% during the fourth quarter. Edgestream Partners L.P. now owns 6,087 shares of the business services provider's stock worth $1,250,000 after buying an additional 3,045 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of Fiserv by 9.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 18,069 shares of the business services provider's stock worth $3,712,000 after buying an additional 1,530 shares in the last quarter. Callan Family Office LLC grew its holdings in shares of Fiserv by 491.9% during the fourth quarter. Callan Family Office LLC now owns 28,161 shares of the business services provider's stock worth $5,785,000 after buying an additional 23,403 shares in the last quarter. Finally, E Fund Management Co. Ltd. purchased a new stake in shares of Fiserv during the fourth quarter worth $289,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

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Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the 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 completion of the sale, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.75% of the company's stock.

Fiserv Stock Performance

Shares of FI stock traded down $1.91 during trading hours on Friday, hitting $218.04. The stock had a trading volume of 4,456,911 shares, compared to its average volume of 2,995,866. The firm has a market capitalization of $122.38 billion, a PE ratio of 40.45, a PEG ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The stock's 50 day moving average is $218.31 and its 200 day moving average is $203.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has authorized a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FI. Oppenheimer boosted their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Seaport Res Ptn upgraded shares of Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.83.

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.