True North Advisors LLC Buys New Shares in Fiserv, Inc. (NYSE:FI)

True North Advisors LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FIFree Report) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 7,558 shares of the business services provider’s stock, valued at approximately $1,004,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Fiserv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after purchasing an additional 789,232 shares in the last quarter. State Street Corp boosted its stake in Fiserv by 4.1% during the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock worth $2,904,889,000 after buying an additional 1,022,653 shares in the last quarter. Geode Capital Management LLC increased its holdings in Fiserv by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock valued at $1,400,906,000 after buying an additional 149,811 shares during the period. Morgan Stanley raised its stake in shares of Fiserv by 131.3% in the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after buying an additional 5,666,145 shares in the last quarter. Finally, BlueSpruce Investments LP lifted its holdings in shares of Fiserv by 6.7% during the 2nd quarter. BlueSpruce Investments LP now owns 7,419,797 shares of the business services provider’s stock worth $936,007,000 after acquiring an additional 465,468 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 0.8 %

Shares of FI opened at $158.57 on Tuesday. The stock’s fifty day simple moving average is $148.62 and its 200-day simple moving average is $132.81. The firm has a market capitalization of $93.62 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. 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 earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the prior year, the company posted $1.91 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, research analysts predict that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the subject of several recent research reports. Evercore ISI reissued an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Susquehanna raised their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Royal Bank of Canada upped their price target on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Truist Financial lifted their price objective on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Finally, Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a report on Thursday, January 11th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Check Out Our Latest Analysis on FI

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

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.

See Also

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FIFree Report).

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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