First National Trust Co Invests $11.11 Million in Fiserv, Inc. (NYSE:FI)

First National Trust Co purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 83,600 shares of the business services provider’s stock, valued at approximately $11,105,000.

Other institutional investors also recently bought and sold shares of the company. Todd Asset Management LLC bought a new position in Fiserv in the fourth quarter worth $29,402,000. AJOVista LLC purchased a new stake in shares of Fiserv in the 4th quarter worth about $108,000. Baxter Bros Inc. bought a new position in shares of Fiserv in the 4th quarter worth about $5,181,000. Ifrah Financial Services Inc. purchased a new position in Fiserv during the 4th quarter valued at about $1,420,000. Finally, VeraBank N.A. bought a new stake in Fiserv during the fourth quarter worth about $917,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of NYSE:FI traded up $0.05 during midday trading on Friday, hitting $149.22. The company had a trading volume of 2,942,846 shares, compared to its average volume of 2,577,646. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a fifty day moving average of $152.74 and a two-hundred day moving average of $139.04. The company has a market cap of $87.31 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on FI shares. StockNews.com began coverage on shares of Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating for the company. Barclays boosted their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Truist Financial lifted their price target on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a research report on Thursday, January 11th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

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.