First Western Trust Bank Lowers Position in Fiserv, Inc. (NYSE:FI)

First Western Trust Bank lowered its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 8.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,099 shares of the business services provider's stock after selling 3,034 shares during the quarter. First Western Trust Bank's holdings in Fiserv were worth $6,126,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FI. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv during the first quarter worth $25,000. Clean Yield Group grew its position in shares of 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 acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its position in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after acquiring an additional 57 shares during the period. Family Firm Inc. bought a new position in shares of Fiserv during the 2nd quarter valued at approximately $31,000. Finally, Kennebec Savings Bank bought a new position in shares of Fiserv during the 3rd quarter valued at approximately $40,000. Institutional investors own 90.98% of the company's stock.

Insider Buying and Selling

In other news, EVP John Gibbons sold 18,890 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company's stock, valued at $4,764,211.83. The trade was a 40.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 254,711 shares of company stock worth $47,477,232 in the last 90 days. Insiders own 0.75% of the company's stock.

Fiserv Stock Up 1.0 %

FI stock traded up $2.18 during mid-day trading on Monday, reaching $213.10. The company had a trading volume of 1,002,470 shares, compared to its average volume of 2,471,757. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50 day simple moving average of $191.36 and a two-hundred day simple moving average of $168.67. The company has a market capitalization of $121.24 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 1.61 and a beta of 0.92. Fiserv, Inc. has a 52 week low of $121.86 and a 52 week high of $215.50.

Fiserv (NYSE:FI - Get Free Report) last released 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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. 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 firm posted $1.96 earnings per share. The business's revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Citigroup boosted their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $178.00 to $184.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Susquehanna lifted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a research note on Friday, October 18th. Jefferies Financial Group lifted their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $211.52.

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.