Stock Yards Bank & Trust Co. Acquires New Shares in Fiserv, Inc. (NYSE:FI)

Stock Yards Bank & Trust Co. bought a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,902 shares of the business services provider’s stock, valued at approximately $386,000.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in Fiserv during the 3rd quarter worth approximately $5,705,241,000. Nordea Investment Management AB acquired a new stake in Fiserv in the fourth quarter valued at $351,525,000. Raymond James & Associates bought a new position in Fiserv during the 4th quarter worth $277,117,000. Cerity Partners LLC acquired a new position in Fiserv during the 4th quarter worth about $200,528,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at about $195,619,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays upped their target price on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Stephens increased their price objective on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. StockNews.com assumed coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. Evercore ISI reiterated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Finally, Robert W. Baird raised their price target on shares of Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.79.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 4.4 %

NYSE:FI opened at $155.38 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $152.14 and a 200-day simple moving average of $137.23. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a market capitalization of $91.48 billion, a P/E ratio of 31.08, a PEG ratio of 1.22 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.09. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the business earned $1.58 earnings per share. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.63 earnings per share for the current 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.