Trust Co. of Vermont Acquires 4,310 Shares of Fiserv, Inc. (NYSE:FI)

Trust Co. of Vermont boosted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 170.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,839 shares of the business services provider's stock after acquiring an additional 4,310 shares during the quarter. Trust Co. of Vermont's holdings in Fiserv were worth $1,405,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FI. Clean Yield Group lifted its holdings 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 worth $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock valued at $39,000 after buying an additional 127 shares in the last quarter. Kennebec Savings Bank bought a new stake in shares of Fiserv during the third quarter worth $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Fiserv during the third quarter worth $44,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 1.2 %

Shares of NYSE FI traded up $2.41 during trading on Friday, hitting $208.67. The stock had a trading volume of 2,579,770 shares, compared to its average volume of 2,085,694. The firm has a fifty day moving average of $209.45 and a two-hundred day moving average of $187.03. The company has a market capitalization of $118.71 billion, a PE ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $136.93 and a 12 month high of $223.23.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Fiserv's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $1.96 earnings per share. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Fiserv from $183.00 to $224.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Compass Point started coverage on Fiserv in a research report on Wednesday, November 20th. They set a "buy" rating and a $278.00 target price for the company. Finally, Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $224.00.

Insider Buying and Selling

In related news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is owned by company insiders.

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.