Lindbrook Capital LLC Has $2.14 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Lindbrook Capital LLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 34.6% in the third quarter, HoldingsChannel reports. The fund owned 11,909 shares of the business services provider’s stock after acquiring an additional 3,063 shares during the period. Lindbrook Capital LLC’s holdings in Fiserv were worth $2,139,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the first quarter valued at about $25,000. Clean Yield Group increased its position in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC increased its position in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Fiserv during the 2nd quarter worth approximately $31,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv in the 3rd quarter valued at approximately $44,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

NYSE:FI opened at $210.79 on Friday. The company has a market cap of $119.92 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 1.61 and a beta of 0.92. Fiserv, Inc. has a fifty-two week low of $118.42 and a fifty-two week high of $212.84. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average price of $187.37 and a 200-day moving average price of $166.39.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 earnings per share. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FI shares. Citigroup upped their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Oppenheimer began coverage on shares of Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. BTIG Research initiated coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. Tigress Financial upped their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley raised their price objective on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $207.25.

Insider Buying and Selling at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,890 shares of company stock worth $46,968,117 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Fiserv 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.