Argent Trust Co Has $4.87 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Argent Trust Co trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,686 shares of the business services provider’s stock after selling 1,207 shares during the quarter. Argent Trust Co’s holdings in Fiserv were worth $4,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FI. Price T Rowe Associates Inc. MD lifted its position in shares of Fiserv by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after acquiring an additional 417,459 shares during the period. Capital World Investors raised its stake in shares of Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Fiserv by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after purchasing an additional 64,332 shares during the period. Veritas Asset Management LLP acquired a new stake in Fiserv during the fourth quarter worth $927,298,000. Finally, Parnassus Investments LLC bought a new stake in Fiserv in the 4th quarter valued at $900,674,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,890 shares of company stock worth $10,853,407. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

FI stock opened at $175.34 on Wednesday. The stock has a market cap of $102.59 billion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The stock has a 50-day moving average price of $164.66 and a two-hundred day moving average price of $156.26. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $176.48. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.81 EPS. Equities analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Mizuho increased their price objective on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Morgan Stanley upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Finally, Wells Fargo & Company increased their target price on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.32.

Fiserv Company 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.