First Western Trust Bank Lowers Position in Fiserv, Inc. $FI

First Western Trust Bank trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,086 shares of the business services provider’s stock after selling 1,210 shares during the quarter. First Western Trust Bank’s holdings in Fiserv were worth $5,187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vise Technologies Inc. purchased a new position in shares of Fiserv during the second quarter valued at approximately $2,320,000. Sowell Financial Services LLC increased its position in Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after buying an additional 314 shares in the last quarter. Factory Mutual Insurance Co. raised its stake in Fiserv by 11.7% during the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after buying an additional 16,500 shares during the last quarter. Dillon & Associates Inc. boosted its holdings in Fiserv by 9.1% in the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after acquiring an additional 7,419 shares in the last quarter. Finally, Ipsen Advisor Group LLC purchased a new stake in shares of Fiserv in the second quarter worth $759,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

FI stock opened at $63.66 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. Fiserv, Inc. has a 1 year low of $60.95 and a 1 year high of $238.59. The company has a market cap of $34.24 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The stock’s fifty day moving average price is $114.38 and its 200-day moving average price is $143.57.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The company had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FI shares. JPMorgan Chase & Co. lowered their price target on Fiserv from $155.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Jefferies Financial Group dropped their target price on shares of Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Robert W. Baird cut their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Finally, Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $123.25.

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.