True North Advisors LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

True North Advisors LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FIFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,558 shares of the business services provider’s stock, valued at approximately $1,004,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after buying an additional 789,232 shares in the last quarter. State Street Corp grew its stake in shares of Fiserv by 4.1% in the 1st quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock worth $2,904,889,000 after acquiring an additional 1,022,653 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Fiserv by 1.2% in the first 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 purchasing an additional 149,811 shares during the last quarter. Morgan Stanley lifted its position in shares of Fiserv by 131.3% during the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after purchasing an additional 5,666,145 shares in the last quarter. Finally, BlueSpruce Investments LP boosted its holdings in Fiserv by 6.7% during the second quarter. BlueSpruce Investments LP now owns 7,419,797 shares of the business services provider’s stock worth $936,007,000 after purchasing an additional 465,468 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FI has been the topic of several recent analyst reports. Susquehanna lifted their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Truist Financial upped their price objective on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Mizuho reaffirmed a “buy” rating and set a $156.00 target price on shares of Fiserv in a research report on Wednesday, March 27th. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

View Our Latest Research Report on Fiserv

Fiserv Price Performance

Shares of FI opened at $158.57 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day simple moving average is $148.62 and its two-hundred day simple moving average is $132.81. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The stock has a market cap 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 (NYSE:FIGet Free Report) last posted its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the prior year, the business earned $1.91 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts anticipate that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated 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 directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

About Fiserv

(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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