AMG National Trust Bank Trims Stock Position in Fiserv, Inc. (NYSE:FI)

AMG National Trust Bank lessened its holdings in Fiserv, Inc. (NYSE:FI) by 15.1% during the 4th quarter, Holdings Channel reports. The firm owned 17,541 shares of the business services provider’s stock after selling 3,111 shares during the quarter. AMG National Trust Bank’s holdings in Fiserv were worth $3,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at about $29,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv during the third quarter valued at approximately $40,000. Finally, Friedenthal Financial purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI stock opened at $219.75 on Friday. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The firm has a fifty day moving average of $218.11 and a two-hundred day moving average of $202.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a market cap of $123.34 billion, a P/E ratio of 40.77, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FI. The Goldman Sachs Group upped their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Compass Point began coverage on shares of Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company upped their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Barclays upped their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $239.83.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

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.