First National Trust Co Makes New $11.11 Million Investment in Fiserv, Inc. (NYSE:FI)

First National Trust Co acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 83,600 shares of the business services provider’s stock, valued at approximately $11,105,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. West Oak Capital LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Halpern Financial Inc. purchased a new stake in Fiserv during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC acquired a new position in Fiserv during the 4th quarter valued at approximately $28,000. Hollencrest Capital Management raised its holdings in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of Fiserv during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FI shares. Citigroup upped their target price on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. TD Cowen raised their price objective on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Truist Financial upped their target price on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Finally, Barclays upped their price objective on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 111,575 shares of company stock valued at $17,022,387 over the last quarter. 0.75% of the stock is currently owned by insiders.

Fiserv Price Performance

NYSE FI traded up $0.05 on Friday, hitting $149.22. The company had a trading volume of 2,942,846 shares, compared to its average volume of 2,577,646. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $87.31 billion, a PE ratio of 27.89, a PEG ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company’s fifty day moving average price is $152.74 and its 200-day moving average price is $139.04.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share. As a group, analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Fiserv Company 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.