Bank Julius Baer & Co. Ltd Zurich Acquires 60,823 Shares of Fiserv, Inc. (NYSE:FI)

Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,129,739 shares of the business services provider's stock after buying an additional 60,823 shares during the period. Fiserv comprises 0.9% of Bank Julius Baer & Co. Ltd Zurich's investment portfolio, making the stock its 29th largest position. Bank Julius Baer & Co. Ltd Zurich owned 0.20% of Fiserv worth $268,844,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Fiserv by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock valued at $2,435,280,000 after buying an additional 218,833 shares in the last quarter. FMR LLC increased its stake in Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after purchasing an additional 2,126,419 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares during the period. Nuveen Asset Management LLC increased its stake in Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after purchasing an additional 340,938 shares during the period. Finally, Norges Bank purchased a new position in Fiserv in the 4th quarter worth approximately $1,406,452,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup decreased their price target on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Redburn Atlantic reiterated a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Truist Financial lifted their price objective on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. BMO Capital Markets cut their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Jefferies Financial Group cut their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.63.

Fiserv Stock Down 2.0%

Shares of FI stock traded down $2.81 during mid-day trading on Thursday, hitting $140.19. The company's stock had a trading volume of 12,876,092 shares, compared to its average volume of 4,385,305. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The business has a 50-day moving average price of $165.90 and a 200 day moving average price of $195.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $77.73 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.02 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. Fiserv's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.13 earnings per share. Research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Activity

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

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.