Burke & Herbert Bank & Trust Co. Sells 85 Shares of Fiserv, Inc. (NYSE:FI)

Burke & Herbert Bank & Trust Co. reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,850 shares of the business services provider’s stock after selling 85 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Fiserv were worth $2,309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Shields & Co. LLC bought a new position in Fiserv in the 1st quarter worth approximately $25,000. Clean Yield Group increased its position in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Fiserv in the first quarter valued at $32,000. Finally, Family Firm Inc. bought a new position in Fiserv in the second quarter worth $31,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.3 %

Shares of Fiserv stock traded down $0.63 during trading on Friday, reaching $202.66. 254,180 shares of the company were exchanged, compared to its average volume of 2,471,388. Fiserv, Inc. has a twelve month low of $111.53 and a twelve month high of $204.50. The business has a 50-day moving average price of $179.29 and a 200-day moving average price of $162.09. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $118.58 billion, a price-to-earnings ratio of 37.99, a P/E/G ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. Sell-side analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on FI. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Citigroup increased their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday. Oppenheimer assumed coverage on shares of Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price target for the company. Robert W. Baird upped their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, B. Riley increased their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $202.08.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was 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 the SEC website. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 227,890 shares of company stock worth $40,934,217 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Fiserv 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.