2,313 Shares in Fiserv, Inc. (NYSE:FI) Bought by Fosun International Ltd

Fosun International Ltd purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,313 shares of the business services provider’s stock, valued at approximately $307,000.

Other institutional investors have also added to or reduced their stakes in the company. Meridian Wealth Advisors LLC bought a new position in shares of Fiserv during the fourth quarter valued at approximately $3,204,000. Palisade Asset Management LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $1,993,000. Peddock Capital Advisors LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $3,218,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $450,830,000. Finally, Welch & Forbes LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $121,224,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock traded up $0.33 during trading hours on Thursday, reaching $153.62. The company’s stock had a trading volume of 153,987 shares, compared to its average volume of 2,529,399. The firm has a 50 day moving average price of $152.78 and a 200-day moving average price of $139.96. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $89.88 billion, a P/E ratio of 28.71, a P/E/G ratio of 1.20 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Mizuho restated a “buy” rating and issued a $156.00 target price on shares of Fiserv in a report on Wednesday, March 27th. BMO Capital Markets raised their target price on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Susquehanna lifted their price target on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Truist Financial lifted their price target on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Finally, UBS Group lifted their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.33.

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.