Grant GrossMendelsohn LLC Makes New $1.45 Million Investment in Fiserv, Inc. (NYSE:FI)

Grant GrossMendelsohn LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,285 shares of the business services provider’s stock, valued at approximately $1,454,000.

Several other hedge funds have also recently bought and sold shares of FI. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 789,232 shares during the period. State Street Corp increased its holdings in shares of 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 purchasing an additional 1,022,653 shares during the period. Geode Capital Management LLC increased its holdings in shares of Fiserv by 1.2% during the first quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock worth $1,400,906,000 after purchasing an additional 149,811 shares during the period. Morgan Stanley increased its holdings 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 worth $1,008,744,000 after purchasing an additional 5,666,145 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of Fiserv by 14.1% during the second quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the business services provider’s stock worth $833,435,000 after purchasing an additional 817,660 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NYSE:FI traded down $3.01 during trading on Monday, reaching $148.19. The company had a trading volume of 2,260,486 shares, compared to its average volume of 2,503,262. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a fifty day moving average of $151.38 and a two-hundred day moving average of $135.47. The stock has a market capitalization of $87.25 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 EPS. Equities research analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FI shares. Tigress Financial lifted their price objective on shares of Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Truist Financial raised their target price on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. B. Riley raised their target price on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. BMO Capital Markets raised 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. Finally, Royal Bank of Canada raised their target price on shares of Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated 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 directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by company insiders.

Fiserv Company 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.