Fiserv, Inc. (NYSE:FI) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,987 shares of the business services provider's stock after selling 9,984 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Fiserv worth $61,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc purchased a new stake in Fiserv during the fourth quarter valued at approximately $31,000. Kennebec Savings Bank acquired a new stake in Fiserv in the third quarter valued at approximately $40,000. Northwest Investment Counselors LLC purchased a new position in Fiserv in the third quarter worth $44,000. Finally, Wolff Wiese Magana LLC increased its position in shares of Fiserv by 904.0% during the third quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider's stock worth $45,000 after purchasing an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Fiserv stock traded up $5.43 during mid-day trading on Tuesday, hitting $236.03. The company had a trading volume of 5,086,184 shares, compared to its average volume of 2,704,316. The company has a market capitalization of $134.28 billion, a price-to-earnings ratio of 43.79, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $236.93. The company's fifty day moving average is $211.33 and its 200-day moving average is $196.66. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last announced 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%. Equities research analysts predict that Fiserv, Inc. will post 10.22 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent analyst reports. Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Susquehanna raised their price target on Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a report on Monday, February 10th. UBS Group upped their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Fiserv presently has an average rating of "Buy" and a consensus target price of $239.83.

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.