Midwest Trust Co Takes Position in Fiserv, Inc. $FI

Midwest Trust Co acquired a new position in Fiserv, Inc. (NYSE:FI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,549 shares of the business services provider’s stock, valued at approximately $439,000.

Several other large investors have also recently bought and sold shares of FI. Activest Wealth Management raised its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the last quarter. Hager Investment Management Services LLC bought a new position in Fiserv in the second quarter valued at about $34,000. Christopher J. Hasenberg Inc increased its position in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Fiserv by 960.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after purchasing an additional 221 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FI shares. BNP Paribas lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research note on Wednesday, November 5th. Susquehanna restated a “positive” rating and issued a $99.00 price objective (down from $220.00) on shares of Fiserv in a report on Wednesday. Compass Point cut shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective on the stock. in a research note on Wednesday, October 29th. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Finally, William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $123.25.

Fiserv Stock Down 0.1%

Shares of Fiserv stock opened at $63.66 on Thursday. The company has a market capitalization of $34.24 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The business has a 50-day moving average of $114.38 and a two-hundred day moving average of $143.57. Fiserv, Inc. has a 1 year low of $60.95 and a 1 year high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion for the quarter. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insiders Place Their Bets

In related news, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. This represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

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.