First Citizens Bank & Trust Co. Has $1.11 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

First Citizens Bank & Trust Co. grew its position in Fiserv, Inc. (NYSE:FI) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,424 shares of the business services provider’s stock after purchasing an additional 96 shares during the period. First Citizens Bank & Trust Co.’s holdings in Fiserv were worth $1,114,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FI. Sanders Capital LLC acquired a new stake in Fiserv in the third quarter worth $764,543,000. FMR LLC raised its holdings in Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Maj Invest Holding A S acquired a new stake in Fiserv in the third quarter worth $172,993,000. Kovitz Investment Group Partners LLC increased its position in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after acquiring an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its position in shares of Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after acquiring an additional 558,774 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction 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. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

NYSE FI opened at $208.90 on Monday. The firm has a 50-day moving average of $209.02 and a 200-day moving average of $189.07. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $118.85 billion, a PE ratio of 40.17, a P/E/G ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FI. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays increased their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Oppenheimer increased their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Citigroup increased their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

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.