Fiserv, Inc. (NYSE:FI) Shares Sold by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co decreased its position in Fiserv, Inc. (NYSE:FI) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,152 shares of the business services provider’s stock after selling 331 shares during the period. Fiserv comprises 1.6% of Indiana Trust & Investment Management Co’s investment portfolio, making the stock its 13th biggest position. Indiana Trust & Investment Management Co’s holdings in Fiserv were worth $4,756,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Sanders Capital LLC acquired a new position in Fiserv in the third quarter valued at about $764,543,000. FMR LLC lifted its position in shares of Fiserv by 17.8% during the 3rd 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 last quarter. Kovitz Investment Group Partners LLC raised its holdings in 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 purchasing an additional 561,377 shares in the last quarter. Mizuho Securities USA LLC boosted its position in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the period. Finally, Cardano Risk Management B.V. purchased a new stake in Fiserv in the 4th quarter valued at $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $229.97 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market cap of $130.83 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a one year low of $142.47 and a one year high of $233.26. The firm has a 50-day moving average of $209.25 and a 200-day moving average of $194.28.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, equities analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FI. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. KeyCorp boosted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Stephens boosted their price target on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley raised their target price on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Buy” and a consensus target price of $239.83.

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.