Capital City Trust Co. FL Purchases 636 Shares of Fiserv, Inc. (NYSE:FI)

Capital City Trust Co. FL boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,582 shares of the business services provider’s stock after purchasing an additional 636 shares during the period. Fiserv comprises 1.2% of Capital City Trust Co. FL’s holdings, making the stock its 28th biggest holding. Capital City Trust Co. FL’s holdings in Fiserv were worth $4,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FI. GLOBALT Investments LLC GA raised its holdings in shares of Fiserv by 2.5% in the third quarter. GLOBALT Investments LLC GA now owns 12,785 shares of the business services provider’s stock worth $2,297,000 after buying an additional 306 shares during the period. Quest Partners LLC grew its position in Fiserv by 72,800.0% in the 3rd quarter. Quest Partners LLC now owns 729 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 728 shares during the last quarter. Claro Advisors LLC grew its position in Fiserv by 3.3% in the 3rd quarter. Claro Advisors LLC now owns 2,088 shares of the business services provider’s stock valued at $375,000 after acquiring an additional 66 shares during the last quarter. Adero Partners LLC increased its stake in Fiserv by 3.3% in the third quarter. Adero Partners LLC now owns 2,370 shares of the business services provider’s stock worth $426,000 after purchasing an additional 76 shares during the period. Finally, RIA Advisory Group LLC bought a new stake in shares of Fiserv during the third quarter worth $1,288,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on FI. UBS Group raised their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen raised their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Mizuho boosted their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada increased their price objective on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their target price on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $209.74.

Fiserv Price Performance

Shares of NYSE FI opened at $210.92 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $120.00 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 1.61 and a beta of 0.92. The firm’s 50 day simple moving average is $191.36 and its 200-day simple moving average is $168.67. Fiserv, Inc. has a 12 month low of $121.86 and a 12 month high of $215.50.

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 the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business earned $1.96 EPS. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 254,711 shares of company stock valued at $47,477,232. 0.75% of the stock is owned by company insiders.

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.