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Bridgewater Advisors Inc. Takes $956,000 Position in Fiserv, Inc. (NYSE:FI)

Fiserv logo with Business Services background

Bridgewater Advisors Inc. bought a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,331 shares of the business services provider's stock, valued at approximately $956,000.

Other hedge funds also recently bought and sold shares of the company. American National Bank & Trust increased its stake in Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after acquiring an additional 1,983 shares during the period. Evercore Wealth Management LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at $54,981,000. Norges Bank acquired a new stake in shares of Fiserv during the 4th quarter worth about $1,406,452,000. Beck Mack & Oliver LLC increased its holdings in Fiserv by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock valued at $105,463,000 after purchasing an additional 2,589 shares in the last quarter. Finally, Ethic Inc. grew its holdings in shares of Fiserv by 15.0% during the fourth quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock worth $20,958,000 after purchasing an additional 13,325 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was 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 Stock Up 0.7%

Shares of Fiserv stock traded up $1.23 on Wednesday, reaching $165.65. 3,564,629 shares of the company were exchanged, compared to its average volume of 3,414,301. The company has a market capitalization of $91.84 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.00 and a beta of 0.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a one year low of $154.17 and a one year high of $238.59. The company has a 50-day moving average of $168.40 and a 200 day moving average of $197.37.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the firm posted $1.88 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FI. Truist Financial initiated coverage on shares of Fiserv in a research report on Monday, June 2nd. They issued a "buy" rating and a $181.00 price objective for the company. The Goldman Sachs Group decreased their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective for the company. in a research report on Wednesday, April 9th. UBS Group lowered their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, May 28th. Finally, Mizuho set a $200.00 price objective on shares of Fiserv in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

View Our Latest Report on FI

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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