Trust Point Inc. Increases Stock Position in Fiserv, Inc. (NYSE:FI)

Trust Point Inc. lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 11.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,564 shares of the business services provider’s stock after purchasing an additional 254 shares during the quarter. Trust Point Inc.’s holdings in Fiserv were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. purchased a new position in Fiserv in the 4th quarter valued at $29,000. Clean Yield Group grew its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the last quarter. Kennebec Savings Bank purchased a new position in Fiserv in the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv in the 3rd quarter valued at $44,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Citigroup lifted their price target on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Up 6.8 %

FI opened at $228.83 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $231.61. The stock has a market capitalization of $130.19 billion, a price-to-earnings ratio of 44.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The business has a 50-day moving average of $208.45 and a two-hundred day moving average of $192.25.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. On average, research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Fiserv 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.