Bailard Inc. Buys New Stake in Fiserv, Inc. (NYSE:FI)

Bailard Inc. purchased a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 77,114 shares of the business services provider’s stock, valued at approximately $10,244,000.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. purchased a new stake in Fiserv during the 3rd quarter valued at about $5,705,241,000. California Public Employees Retirement System acquired a new position in shares of Fiserv in the fourth quarter worth about $423,780,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Fiserv during the 4th quarter worth approximately $422,884,000. Nordea Investment Management AB purchased a new position in Fiserv during the fourth quarter valued at $351,525,000. Finally, Raymond James & Associates purchased a new position in Fiserv in the 4th quarter valued at about $277,117,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE:FI traded down $3.14 during midday trading on Wednesday, reaching $152.25. The stock had a trading volume of 2,487,215 shares, compared to its average volume of 2,551,627. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a market cap of $89.64 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.22 and a beta of 0.91. The firm has a fifty day simple moving average of $152.28 and a two-hundred day simple moving average of $137.34. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. On average, equities analysts expect that Fiserv, Inc. will post 8.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group increased their price target on Fiserv from $150.00 to $160.00 and gave the company a “hold” 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 stock a “hold” rating in a research report on Wednesday, February 7th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a report on Thursday, January 11th. Finally, TD Cowen lifted their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.33.

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.