2,776 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,776 shares of the business services provider’s stock, valued at approximately $369,000.

Several other institutional investors also recently bought and sold shares of the business. Apeiron RIA LLC grew its holdings in Fiserv by 2.9% in the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 90 shares during the period. Brighton Jones LLC grew its holdings in Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 92 shares during the period. Jacobi Capital Management LLC grew its holdings in Fiserv by 0.9% in the third quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after purchasing an additional 94 shares during the period. UniSuper Management Pty Ltd lifted its position in shares of Fiserv by 2.3% in the third quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 100 shares in the last quarter. Finally, Hollencrest Capital Management lifted its position in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FI. BMO Capital Markets raised their target price on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday. Stephens restated an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research report on Wednesday. Robert W. Baird raised their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday. Truist Financial raised 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. Finally, Barclays lifted their price objective on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. 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, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Trading Up 1.7 %

Shares of NYSE FI traded up $2.60 during trading on Friday, reaching $155.89. The stock had a trading volume of 3,196,489 shares, compared to its average volume of 2,315,910. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The business’s 50-day moving average price is $152.54 and its 200-day moving average price is $137.74. The company has a market cap of $91.21 billion, a P/E ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts predict that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

About Fiserv

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.