Community Trust & Investment Co. Takes $10.06 Million Position in Fiserv, Inc. $FISV

Community Trust & Investment Co. bought a new position in Fiserv, Inc. (NASDAQ:FISV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 77,992 shares of the business services provider’s stock, valued at approximately $10,055,000.

Several other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in shares of Fiserv in the third quarter valued at about $28,000. True Wealth Design LLC grew its stake in shares of Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in Fiserv during the 2nd quarter valued at about $34,000. Clear Street LLC bought a new position in Fiserv during the 2nd quarter valued at approximately $34,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 34,900 shares of company stock worth $2,211,971 in the last 90 days. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 target price on shares of Fiserv in a research note on Thursday, December 4th. William Blair cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Compass Point lowered shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective for the company. in a report on Wednesday, October 29th. Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Tigress Financial set a $95.00 price target on shares of Fiserv and gave the company a “buy” rating in a research report on Wednesday, December 31st. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.42.

Fiserv Stock Up 2.1%

NASDAQ:FISV opened at $66.99 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s 50-day moving average price is $66.39 and its 200-day moving average price is $115.21. The company has a market capitalization of $36.42 billion, a PE ratio of 10.35, a P/E/G ratio of 2.63 and a beta of 0.80. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. On average, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.