M&T Bank Corp Has $25.23 Million Holdings in Fiserv, Inc. (NYSE:FI)

M&T Bank Corp lifted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 12.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,460 shares of the business services provider's stock after acquiring an additional 15,103 shares during the period. M&T Bank Corp's holdings in Fiserv were worth $25,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dynamic Advisor Solutions LLC lifted its position in shares of Fiserv by 3.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,854 shares of the business services provider's stock worth $1,320,000 after buying an additional 336 shares during the period. ORG Partners LLC boosted its stake in shares of Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider's stock valued at $486,000 after purchasing an additional 3,197 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Fiserv by 5.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 28,590 shares of the business services provider's stock worth $4,261,000 after purchasing an additional 1,487 shares during the last quarter. Baader Bank Aktiengesellschaft increased its position in shares of Fiserv by 2.6% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 4,916 shares of the business services provider's stock worth $729,000 after purchasing an additional 126 shares in the last quarter. Finally, Red Door Wealth Management LLC increased its position in shares of Fiserv by 6.2% during the 2nd quarter. Red Door Wealth Management LLC now owns 3,377 shares of the business services provider's stock worth $503,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 1.2 %

Shares of NYSE FI traded up $2.42 during mid-day trading on Wednesday, hitting $203.96. The company had a trading volume of 2,685,736 shares, compared to its average volume of 2,530,917. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a 50-day simple moving average of $204.55 and a two-hundred day simple moving average of $176.19. The company has a market capitalization of $116.04 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93. Fiserv, Inc. has a one year low of $131.41 and a one year high of $223.23.

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. The company had revenue of $5.22 billion during 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 business's revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $1.96 earnings per share. On average, equities analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,821 shares of company stock worth $44,299,745. Insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on FI. Tigress Financial boosted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Royal Bank of Canada boosted their target price on Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price target on Fiserv from $225.00 to $238.00 and gave the stock an "outperform" rating in a research report on Monday. Stephens lifted their price objective on Fiserv from $170.00 to $200.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Finally, Susquehanna increased their target price on Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $217.50.

About Fiserv

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.