Bath Savings Trust Co Sells 826 Shares of Fiserv, Inc. (NYSE:FI)

Bath Savings Trust Co lessened its holdings in Fiserv, Inc. (NYSE:FI) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,727 shares of the business services provider’s stock after selling 826 shares during the period. Fiserv comprises 2.5% of Bath Savings Trust Co’s holdings, making the stock its 11th biggest holding. Bath Savings Trust Co’s holdings in Fiserv were worth $24,389,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FI. Waypoint Capital Advisors LLC boosted its holdings in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares in the last quarter. Optas LLC raised its position in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares during the last quarter. Cedar Mountain Advisors LLC boosted its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Covestor Ltd grew its holdings in shares of Fiserv by 7.6% during the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock worth $150,000 after purchasing an additional 59 shares during the last quarter. Finally, West Bancorporation Inc. increased its stake in shares of Fiserv by 3.8% in the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Down 0.4 %

NYSE FI traded down $0.86 during trading hours on Tuesday, hitting $204.77. The company’s stock had a trading volume of 948,006 shares, compared to its average volume of 1,570,472. The company has a market capitalization of $116.50 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52 week low of $133.66 and a 52 week high of $223.23. The company’s 50-day simple moving average is $209.37 and its two-hundred day simple moving average is $183.79.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Citigroup increased their price objective on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price target on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada raised their price objective on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $222.88.

Insider Activity

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 34.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 over the last quarter. 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.