CHICAGO TRUST Co NA Cuts Stock Position in Fiserv, Inc. (NYSE:FI)

CHICAGO TRUST Co NA decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,075 shares of the business services provider’s stock after selling 1,844 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Fiserv were worth $1,248,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FI. Soros Capital Management LLC lifted its holdings in shares of Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after acquiring an additional 22,884 shares during the last quarter. Chiron Investment Management LLC purchased a new stake in Fiserv during the third quarter valued at approximately $4,709,000. Maxwell Wealth Strategies Inc. lifted its stake in shares of Fiserv by 23.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after purchasing an additional 2,869 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Fiserv by 12.0% in the 3rd quarter. M&T Bank Corp now owns 140,460 shares of the business services provider’s stock worth $25,234,000 after purchasing an additional 15,103 shares during the period. Finally, Park Place Capital Corp increased its position in shares of Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 2,794 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock valued at $18,581,095 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Up 0.1 %

NYSE FI traded up $0.17 during trading hours on Monday, hitting $200.68. The company had a trading volume of 558,211 shares, compared to its average volume of 2,030,789. The firm’s 50 day moving average is $209.64 and its 200 day moving average is $185.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a fifty-two week low of $135.97 and a fifty-two week high of $223.23. The company has a market capitalization of $114.17 billion, a price-to-earnings ratio of 38.59, a P/E/G ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the subject of a number of analyst reports. UBS Group raised their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. TD Cowen raised their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Tigress Financial upped their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average 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.