Bailard Inc. Makes New $10.24 Million Investment in Fiserv, Inc. (NYSE:FI)

Bailard Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 77,114 shares of the business services provider’s stock, valued at approximately $10,244,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FI. Hollencrest Capital Management raised its position in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. West Oak Capital LLC bought a new stake in Fiserv in the 4th quarter worth approximately $27,000. Halpern Financial Inc. purchased a new stake in Fiserv in the fourth quarter worth approximately $27,000. Fortitude Family Office LLC bought a new position in Fiserv during the fourth quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in shares of Fiserv during the fourth quarter worth approximately $31,000. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. B. Riley lifted their target price on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Truist Financial raised their price target on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Stephens reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research report on Wednesday. Finally, Citigroup increased their price objective on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of NYSE:FI traded down $3.14 during midday trading on Wednesday, reaching $152.25. 2,487,215 shares of the company’s stock traded hands, compared to its average volume of 2,551,627. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The stock has a 50 day moving average of $152.28 and a 200 day moving average of $137.34. The company has a market cap of $89.64 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 1.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NYSE:FI) last posted 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. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the business earned $1.58 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current fiscal 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.