Massachusetts Financial Services Co. MA Invests $960.59 Million in Fiserv, Inc. (NYSE:FI)

Massachusetts Financial Services Co. MA bought a new position in Fiserv, Inc. (NYSE:FI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,231,199 shares of the business services provider's stock, valued at approximately $960,592,000. Massachusetts Financial Services Co. MA owned about 1.20% of Fiserv as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Fiserv by 4.0% in the third quarter. Assetmark Inc. now owns 5,303 shares of the business services provider's stock valued at $599,000 after acquiring an additional 202 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in Fiserv by 10.8% in the third quarter. Perigon Wealth Management LLC now owns 1,926 shares of the business services provider's stock valued at $218,000 after acquiring an additional 188 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in Fiserv by 10.9% in the third quarter. Arete Wealth Advisors LLC now owns 2,242 shares of the business services provider's stock valued at $253,000 after acquiring an additional 221 shares in the last quarter. Davidson Capital Management Inc. boosted its holdings in Fiserv by 33.9% in the third quarter. Davidson Capital Management Inc. now owns 17,202 shares of the business services provider's stock valued at $1,943,000 after acquiring an additional 4,352 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its holdings in Fiserv by 7.4% in the third quarter. Resonant Capital Advisors LLC now owns 2,228 shares of the business services provider's stock valued at $252,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FI. Mizuho reissued a "buy" rating and set a $156.00 price objective on shares of Fiserv in a research report on Wednesday, March 27th. Truist Financial raised their price objective on Fiserv from $140.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, February 7th. Stephens reissued an "equal weight" rating and set a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. UBS Group raised their price objective on Fiserv from $170.00 to $185.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. Finally, BMO Capital Markets raised their price objective on Fiserv from $163.00 to $168.00 and gave the company an "outperform" rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $164.33.

Fiserv Stock Performance

NYSE:FI traded down $1.00 during mid-day trading on Monday, reaching $153.22. The company's stock had a trading volume of 2,066,104 shares, compared to its average volume of 2,544,651. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The firm's fifty day moving average price is $153.07 and its two-hundred day moving average price is $140.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $89.65 billion, a P/E ratio of 28.67, a PEG ratio of 1.24 and a beta of 0.92.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business'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 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 filing with the SEC, which is available at the SEC website. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. 0.75% of the stock is currently 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.

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