Arvest Bank Trust Division Purchases Shares of 119,062 Fiserv, Inc. (NYSE:FI)

Arvest Bank Trust Division bought a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 119,062 shares of the business services provider's stock, valued at approximately $21,389,000. Fiserv comprises approximately 1.2% of Arvest Bank Trust Division's holdings, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Clean Yield Group grew its position in shares of Fiserv by 431.3% in the third 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 boosted its stake 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 buying an additional 57 shares during the period. Family Firm Inc. acquired a new stake in Fiserv during the second quarter worth approximately $31,000. Kennebec Savings Bank bought a new position in Fiserv during the 3rd quarter worth $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv in the 3rd quarter valued at $44,000. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Jefferies Financial Group raised their price objective on Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on Fiserv from $215.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Citigroup lifted their price target on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Finally, Susquehanna upped their price objective on Fiserv from $190.00 to $230.00 and gave the company a "positive" rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $217.50.

Fiserv Stock Performance

FI traded up $0.89 during midday trading on Thursday, reaching $204.85. The company had a trading volume of 2,261,246 shares, compared to its average volume of 2,530,024. The business has a 50-day moving average price of $204.98 and a two-hundred day moving average price of $176.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 12-month low of $131.41 and a 12-month high of $223.23. The stock has a market cap of $116.54 billion, a PE ratio of 39.39, a P/E/G ratio of 1.58 and a beta of 0.93.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Frank Bisignano sold 145,000 shares of the business's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company's stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 235,821 shares of company stock valued at $44,299,745. Company insiders own 0.75% of the company's stock.

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.