Abacus Planning Group Inc. Purchases New Stake in Fiserv, Inc. (NYSE:FI)

Abacus Planning Group Inc. bought a new position in shares of Fiserv, Inc. (NYSE:FIFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,407 shares of the business services provider’s stock, valued at approximately $984,000.

Other large investors also recently modified their holdings of the company. First Manhattan Co. lifted its holdings in Fiserv by 4.6% during the fourth quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 86 shares in the last quarter. Holderness Investments Co. boosted its holdings in shares of Fiserv by 4.1% during the 2nd quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 90 shares during the last quarter. Apeiron RIA LLC grew its position in shares of Fiserv by 2.9% during 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 in the last quarter. Principal Street Partners LLC increased its holdings in shares of Fiserv by 1.4% in the second quarter. Principal Street Partners LLC now owns 6,568 shares of the business services provider’s stock worth $829,000 after purchasing an additional 92 shares during the last quarter. Finally, Brighton Jones LLC lifted its position in shares of Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after buying an additional 92 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 0.3 %

Shares of NYSE FI opened at $159.82 on Friday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a market cap of $94.36 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91. The business has a fifty day simple moving average of $148.62 and a two-hundred day simple moving average of $132.65. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FIGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $4.68 billion. During the same period in the previous year, the company posted $1.91 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction on Wednesday, March 20th. The stock was 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 of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 18.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FI shares. Truist Financial lifted their price objective on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. BMO Capital Markets upped their target price on shares of Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays lifted their price target on Fiserv from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Finally, KeyCorp upgraded Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research report on Monday, January 8th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average target price of $155.83.

View Our Latest Report 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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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