Community Trust & Investment Co. Makes New $10.06 Million Investment in Fiserv, Inc. $FISV

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

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC raised its position in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the last quarter. NewEdge Advisors LLC raised its position in Fiserv by 9.3% in the 1st quarter. NewEdge Advisors LLC now owns 26,150 shares of the business services provider’s stock worth $5,775,000 after buying an additional 2,233 shares during the last quarter. Fred Alger Management LLC bought a new position in Fiserv during the 1st quarter valued at about $545,000. Finally, Signature Estate & Investment Advisors LLC boosted its holdings in shares of Fiserv by 13.7% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,776 shares of the business services provider’s stock valued at $392,000 after acquiring an additional 214 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, insider Adam L. Rosman bought 7,900 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 34,900 shares of company stock worth $2,211,971. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Thursday, October 30th. Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. Susquehanna reaffirmed a “positive” rating and issued a $99.00 price objective (down previously from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Finally, William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $114.42.

Fiserv Price Performance

Shares of Fiserv stock opened at $66.99 on Tuesday. The stock has a market cap of $36.42 billion, a P/E ratio of 10.35, a P/E/G ratio of 2.63 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s fifty day moving average is $66.39 and its 200 day moving average is $115.21. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion during the quarter. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current 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.