First National Bank of Mount Dora Trust Investment Services lifted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,398 shares of the business services provider’s stock after acquiring an additional 445 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Fiserv were worth $2,936,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FISV. Truewealth LLC grew its holdings in shares of Fiserv by 70.5% during the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after purchasing an additional 103 shares during the period. Savior LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $28,000. Cordasco Financial Network purchased a new position in shares of Fiserv in the 3rd quarter valued at $29,000. Financial Management Professionals Inc. purchased a new position in shares of Fiserv in the 3rd quarter valued at $31,000. Finally, Liberty Wealth Management LLC purchased a new position in shares of Fiserv in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 92.60% of the company’s stock.

FISV has been the subject of a number of research reports. Oppenheimer upped their price target on shares of Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. initiated coverage on Fiserv in a research report on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 price objective on the stock. Citigroup raised their price objective on Fiserv from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. SunTrust Banks boosted their price objective on Fiserv from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, UBS Group started coverage on Fiserv in a research report on Monday, October 14th. They issued a “buy” rating and a $120.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $113.02.

FISV traded down $1.49 on Friday, reaching $120.74. The company’s stock had a trading volume of 72,778 shares, compared to its average volume of 2,393,592. The stock has a market cap of $82.98 billion, a price-to-earnings ratio of 55.92, a price-to-earnings-growth ratio of 1.78 and a beta of 0.78. Fiserv Inc has a 1 year low of $80.58 and a 1 year high of $122.52. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50 day moving average is $117.06 and its 200 day moving average is $108.12.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.02. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business earned $0.87 EPS. Fiserv’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that Fiserv Inc will post 4.01 earnings per share for the current fiscal year.

In related news, insider Lynn S. Mccreary sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $111.39, for a total value of $2,005,020.00. Following the sale, the insider now directly owns 70,364 shares of the company’s stock, valued at $7,837,845.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffery W. Yabuki sold 45,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $114.29, for a total transaction of $5,143,050.00. Following the completion of the sale, the chief executive officer now directly owns 869,809 shares in the company, valued at $99,410,470.61. The disclosure for this sale can be found here. Insiders have sold 171,500 shares of company stock valued at $19,741,890 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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