4,280 Shares in Fiserv, Inc. (NYSE:FI) Bought by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 4,280 shares of the business services provider’s stock, valued at approximately $569,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Comerica Bank bought a new stake in shares of Fiserv during the 2nd quarter worth $200,000. West Oak Capital LLC acquired a new position in Fiserv in the 4th quarter worth about $27,000. Halpern Financial Inc. acquired a new position in Fiserv in the 4th quarter worth about $27,000. Fortitude Family Office LLC acquired a new position in Fiserv in the 4th quarter worth about $28,000. Finally, PCA Investment Advisory Services Inc. acquired a new position in Fiserv in the 2nd quarter worth about $27,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Up 0.3 %

Shares of FI stock traded up $0.38 during trading hours on Friday, reaching $147.29. The company had a trading volume of 998,176 shares, compared to its average volume of 2,492,562. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day simple moving average of $151.72 and a 200-day simple moving average of $136.10. The company has a market cap of $86.72 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. Fiserv’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $1.91 earnings per share. On average, research analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Mizuho reaffirmed a “buy” rating and set a $156.00 target price on shares of Fiserv in a research note on Wednesday, March 27th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research note on Tuesday, March 26th. Stephens raised their target price on Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Jefferies Financial Group raised their target price on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

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.