Johnson Financial Group Inc. Takes Position in Fiserv, Inc. (NYSE:FI)

Johnson Financial Group Inc. acquired a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,713 shares of the business services provider’s stock, valued at approximately $892,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. bought a new stake in shares of Fiserv during the 4th quarter worth about $21,340,000. Skopos Labs Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $574,000. Congress Wealth Management LLC DE bought a new stake in shares of Fiserv during the 4th quarter worth about $370,000. Advisory Services Network LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $3,361,000. Finally, Hoylecohen LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $560,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.1 %

Shares of Fiserv stock traded up $0.14 during trading on Friday, reaching $150.34. 1,579,942 shares of the company traded hands, compared to its average volume of 2,305,582. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a 50 day moving average price of $153.50 and a 200-day moving average price of $143.20. The firm has a market capitalization of $87.96 billion, a PE ratio of 28.10, a P/E/G ratio of 1.21 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the company earned $1.58 EPS. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of several analyst reports. TD Cowen lifted their price objective on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Truist Financial lifted their price objective 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. UBS Group lifted their price objective 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. BMO Capital Markets lifted their price objective on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI restated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $164.83.

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.