Busey Bank Buys 488 Shares of Fiserv, Inc. (NYSE:FI)

Busey Bank lifted its stake in Fiserv, Inc. (NYSE:FI) by 0.5% in the third quarter, HoldingsChannel.com reports. The fund owned 99,941 shares of the business services provider’s stock after purchasing an additional 488 shares during the period. Busey Bank’s holdings in Fiserv were worth $17,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Norden Group LLC bought a new position in Fiserv in the first quarter valued at about $2,359,000. ORG Partners LLC lifted its stake in shares of Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after purchasing an additional 3,197 shares during the period. ZRC Wealth Management LLC purchased a new position in shares of Fiserv in the first quarter worth approximately $32,000. Park Place Capital Corp grew its position in Fiserv by 66.3% during the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after buying an additional 2,794 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Fiserv by 377.3% during the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after buying an additional 44,776 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction of $3,959,280.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 227,890 shares of company stock valued at $40,934,217. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FI shares. Susquehanna boosted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays upped their price target on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Stephens lifted their price objective on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $202.08.

Fiserv Stock Up 0.4 %

Shares of FI opened at $203.26 on Friday. The business’s 50 day simple moving average is $179.29 and its 200-day simple moving average is $162.09. Fiserv, Inc. has a 1 year low of $111.53 and a 1 year high of $204.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $118.93 billion, a price-to-earnings ratio of 37.99, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Fiserv’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Fiserv Company 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.