Freemont Management S.A. Makes New Investment in Fiserv, Inc. (NYSE:FI)

Freemont Management S.A. bought a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,700 shares of the business services provider’s stock, valued at approximately $4,078,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FI. Vanguard Group Inc. purchased a new position in shares of Fiserv in the 3rd quarter valued at approximately $5,705,241,000. Massachusetts Financial Services Co. MA bought a new position in Fiserv during the 4th quarter valued at approximately $960,592,000. Norges Bank bought a new position in Fiserv during the 4th quarter valued at approximately $874,377,000. Charles Schwab Investment Management Inc. bought a new position in Fiserv during the 4th quarter valued at approximately $450,830,000. Finally, California Public Employees Retirement System bought a new position in Fiserv during the 4th quarter valued at approximately $423,780,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity

In other 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 value of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on FI. 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. Susquehanna raised their price objective on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Barclays lifted their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. BMO Capital Markets lifted their target price on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, UBS Group lifted their target price on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.83.

Fiserv Stock Performance

NYSE FI traded up $0.14 on Friday, hitting $150.34. 1,579,942 shares of the company traded hands, compared to its average volume of 2,305,582. The company has a market capitalization of $87.96 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.21 and a beta of 0.92. 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 business’s 50 day moving average price is $153.50 and its 200-day moving average price is $143.36. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99.

Fiserv (NYSE:FI) last released 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 company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. Equities analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current year.

About Fiserv

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.