John G Ullman & Associates Inc. Acquires Shares of 44,471 Fiserv, Inc. (NYSE:FI)

John G Ullman & Associates Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 44,471 shares of the business services provider’s stock, valued at approximately $5,908,000.

Other hedge funds have also made changes to their positions in the company. Comerica Bank purchased a new position in shares of Fiserv during the 2nd quarter worth approximately $200,000. West Oak Capital LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv during the 4th quarter worth approximately $28,000. Finally, PCA Investment Advisory Services Inc. acquired a new stake in Fiserv during the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI traded up $1.71 on Friday, hitting $148.62. 2,478,183 shares of the company were exchanged, compared to its average volume of 2,503,035. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The business’s fifty day moving average is $151.72 and its 200 day moving average is $136.10. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a market capitalization of $87.50 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Evercore ISI reiterated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Stephens raised their price objective on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Susquehanna raised their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Truist Financial raised their price objective on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Finally, KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a report on Monday, January 8th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 111,575 shares of company stock valued at $17,022,387 over the last quarter. Corporate insiders own 0.75% 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.