McGlone Suttner Wealth Management Inc. Takes Position in Fiserv, Inc. (NYSE:FI)

McGlone Suttner Wealth Management Inc. bought a new stake in shares of Fiserv, Inc. (NYSE:FIFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 655 shares of the business services provider’s stock, valued at approximately $87,000.

A number of other institutional investors have also recently modified their holdings of FI. Hollencrest Capital Management lifted its position in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares during the last quarter. West Oak Capital LLC bought a new stake in shares of Fiserv during the 4th quarter worth $27,000. Atlas Capital Advisors LLC lifted its position in shares of Fiserv by 71.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after buying an additional 128 shares during the last quarter. PCA Investment Advisory Services Inc. bought a new stake in shares of Fiserv during the 2nd quarter worth $27,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Fiserv during the 1st quarter worth $27,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 0.3 %

NYSE FI opened at $159.82 on Friday. The business has a 50 day simple moving average of $148.20 and a 200 day simple moving average of $132.39. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The stock has a market capitalization of $94.36 billion, a P/E ratio of 31.96, a P/E/G ratio of 1.30 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NYSE:FIGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter last year, the firm posted $1.91 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts expect that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FI has been the subject of several research reports. Truist Financial increased their target price on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Evercore ISI reiterated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research report on Tuesday. B. Riley increased their target price on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Morgan Stanley increased their target price on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Tigress Financial increased their target price on Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

View Our Latest Analysis on Fiserv

Fiserv Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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