Huntington National Bank Acquires 2,853 Shares of Fiserv, Inc. (NYSE:FI)

Huntington National Bank grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 0.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 510,938 shares of the business services provider's stock after purchasing an additional 2,853 shares during the period. Huntington National Bank owned approximately 0.09% of Fiserv worth $91,790,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in shares of Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider's stock worth $519,690,000 after buying an additional 1,306,901 shares during the last quarter. Capital World Investors raised its stake in shares of Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider's stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S bought a new position in shares of Fiserv during the third quarter worth about $172,993,000. Manning & Napier Advisors LLC acquired a new position in Fiserv in the second quarter worth about $105,031,000. Finally, American Century Companies Inc. increased its holdings in Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider's stock valued at $74,556,000 after buying an additional 471,531 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Insiders Place Their Bets

In related news, Director Doyle Simons sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company's stock, valued at approximately $15,386,074.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Doyle Simons sold 40,000 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 76,180 shares of the company's stock, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 233,890 shares of company stock valued at $43,008,837 over the last three months. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Down 0.8 %

Shares of FI traded down $1.71 during midday trading on Thursday, reaching $211.47. 703,586 shares of the stock were exchanged, compared to its average volume of 2,472,127. The firm has a 50 day simple moving average of $189.77 and a 200-day simple moving average of $167.73. Fiserv, Inc. has a 12-month low of $121.86 and a 12-month high of $215.50. The company has a market cap of $120.31 billion, a price-to-earnings ratio of 41.00, a P/E/G ratio of 1.64 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results 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 net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The company's revenue was up 7.0% compared to the same quarter last year. Research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the subject of several recent research reports. William Blair upgraded shares of Fiserv to a "strong-buy" rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Thursday, September 26th. The Goldman Sachs Group boosted their target price on Fiserv from $188.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Mizuho upped their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Stephens raised their price objective on Fiserv from $170.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $207.25.

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.