First Hawaiian Bank Lowers Holdings in Fiserv, Inc. (NYSE:FI)

First Hawaiian Bank cut its stake in Fiserv, Inc. (NYSE:FI) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,671 shares of the business services provider’s stock after selling 5,213 shares during the quarter. First Hawaiian Bank’s holdings in Fiserv were worth $10,409,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Clean Yield Group raised its stake in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its position in shares of Fiserv by 42.5% in 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 during the period. Newbridge Financial Services Group Inc. increased its stake in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Fiserv in the 3rd quarter worth about $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Fiserv during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the company’s 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 of the company’s stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock valued at $18,581,095 over the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.7 %

Shares of NYSE:FI traded up $1.39 during trading on Wednesday, hitting $205.21. The company’s stock had a trading volume of 2,435,236 shares, compared to its average volume of 2,110,473. Fiserv, Inc. has a fifty-two week low of $134.34 and a fifty-two week high of $223.23. The stock’s 50-day moving average price is $209.42 and its two-hundred day moving average price is $184.17. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $116.75 billion, a PE ratio of 39.46, a PEG ratio of 1.56 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business earned $1.96 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FI shares. TD Cowen upped their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised their price target on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group upped their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna upped their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Three 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. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

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.