Peoples Bank OH Has $1.29 Million Stake in Fiserv, Inc. (NYSE:FI)

Peoples Bank OH lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,150 shares of the business services provider’s stock after selling 300 shares during the period. Peoples Bank OH’s holdings in Fiserv were worth $1,285,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Shields & Co. LLC purchased a new position in shares of Fiserv in the 1st quarter worth approximately $25,000. Clean Yield Group raised its holdings in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. ZRC Wealth Management LLC purchased a new position in shares of Fiserv during the 1st quarter valued at $32,000. Finally, Family Firm Inc. purchased a new position in shares of Fiserv during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The trade was a 0.00 % 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, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock valued at $32,855,417 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE:FI traded up $0.82 during trading hours on Thursday, reaching $203.18. The company had a trading volume of 824,820 shares, compared to its average volume of 2,476,728. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52 week low of $111.53 and a 52 week high of $204.50. The firm has a market cap of $118.88 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 1.44 and a beta of 0.93. The firm’s 50 day moving average price is $179.29 and its 200-day moving average price is $162.09.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FI shares. The Goldman Sachs Group boosted their price target on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday. William Blair raised shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Finally, TD Cowen increased their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $202.08.

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.