2,264 Shares in Fiserv, Inc. (NYSE:FI) Bought by Lincoln National Corp

Lincoln National Corp acquired a new position in shares of Fiserv, Inc. (NYSE:FIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,264 shares of the business services provider’s stock, valued at approximately $301,000.

Other large investors also recently bought and sold shares of the company. Hollencrest Capital Management raised its position in 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 purchased a new position in Fiserv during the 4th quarter worth $27,000. Halpern Financial Inc. purchased a new position in Fiserv during the 4th quarter worth $27,000. Fortitude Family Office LLC purchased a new position in Fiserv during the 4th quarter worth $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in shares of Fiserv in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 0.6 %

NYSE FI opened at $153.22 on Tuesday. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company’s 50 day moving average price is $153.07 and its 200 day moving average price is $140.83. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $89.65 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.24 and a beta of 0.92.

Fiserv (NYSE:FIGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. On average, sell-side analysts predict that Fiserv, Inc. will post 8.7 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research analyst reports. Stephens reiterated an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. Robert W. Baird raised their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Truist Financial raised their target price on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. StockNews.com assumed coverage on shares of Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. Finally, Mizuho restated a “buy” rating and set a $156.00 target price on shares of Fiserv in a report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Get Our Latest Stock Analysis on Fiserv

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last 90 days. Company insiders own 0.75% of the company’s stock.

About Fiserv

(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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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