Fiserv, Inc. (NYSE:FI) Shares Purchased by Capital City Trust Co. FL

Capital City Trust Co. FL boosted its holdings in Fiserv, Inc. (NYSE:FI) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,887 shares of the business services provider’s stock after buying an additional 305 shares during the quarter. Fiserv makes up about 1.4% of Capital City Trust Co. FL’s holdings, making the stock its 19th largest position. Capital City Trust Co. FL’s holdings in Fiserv were worth $5,729,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FI. Valley National Advisers Inc. acquired a new position in Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv in the 4th quarter worth about $31,000. Kennebec Savings Bank purchased a new stake in shares of Fiserv in the 3rd quarter worth about $40,000. Friedenthal Financial purchased a new stake in shares of Fiserv in the 4th quarter worth about $49,000. Finally, Eastern Bank purchased a new position in Fiserv in the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FI opened at $232.47 on Friday. The stock has a market capitalization of $132.26 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 1.53 and a beta of 0.94. The company has a fifty day moving average of $213.81 and a 200 day moving average of $198.28. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $237.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a share buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FI shares. The Goldman Sachs Group increased their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays upped their price target on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. BMO Capital Markets boosted their price target on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, KeyCorp raised their target price on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $239.83.

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.