Country Trust Bank Cuts Holdings in Fiserv, Inc. (NYSE:FI)

Country Trust Bank decreased its position in Fiserv, Inc. (NYSE:FI) by 7.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 275,814 shares of the business services provider’s stock after selling 22,365 shares during the period. Fiserv accounts for 1.4% of Country Trust Bank’s holdings, making the stock its 18th biggest position. Country Trust Bank’s holdings in Fiserv were worth $56,658,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Clean Yield Group increased its position in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fiserv in the 3rd quarter valued at $40,000. Friedenthal Financial purchased a new position in shares of Fiserv in the fourth quarter worth about $49,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv in the third quarter valued at approximately $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE:FI opened at $215.91 on Friday. The firm has a fifty day simple moving average of $208.83 and a two-hundred day simple moving average of $190.54. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $122.84 billion, a P/E ratio of 41.52, a PEG ratio of 1.39 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23.

Analyst Ratings Changes

Several research firms recently issued reports on FI. Royal Bank of Canada raised their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Compass Point started coverage on shares of Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. KeyCorp raised their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price target on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were 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 directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % 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 this link. 0.75% of the stock is owned by corporate insiders.

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.