Lindbrook Capital LLC Reduces Stock Position in Fiserv, Inc. (NYSE:FI)

Lindbrook Capital LLC lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 25.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,907 shares of the business services provider's stock after selling 3,033 shares during the quarter. Lindbrook Capital LLC's holdings in Fiserv were worth $1,967,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its holdings in shares of Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after purchasing an additional 44 shares during the last quarter. Rappaport Reiches Capital Management LLC grew its holdings in shares of Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after purchasing an additional 48 shares during the last quarter. Adero Partners LLC grew its holdings in shares of Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after purchasing an additional 55 shares during the last quarter. Oakworth Capital Inc. grew its holdings in shares of Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after purchasing an additional 56 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock worth $206,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the sale, the executive vice president owned 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Fiserv Trading Down 0.9%

Fiserv stock opened at $165.78 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $167.76 and a two-hundred day moving average price of $196.77. The firm has a market capitalization of $91.91 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 1.01 and a beta of 0.91. Fiserv, Inc. has a 52-week low of $154.17 and a 52-week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same period last year, the firm posted $1.88 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FI. BMO Capital Markets reduced their price objective on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Piper Sandler set a $218.00 target price on shares of Fiserv in a report on Friday, April 25th. Citigroup dropped their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley reissued an "overweight" rating and set a $268.00 price objective (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Finally, Tigress Financial raised their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $220.59.

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.

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