Bank Julius Baer & Co. Ltd Zurich Buys New Holdings in Fiserv, Inc. (NYSE:FI)

Bank Julius Baer & Co. Ltd Zurich bought a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 641,468 shares of the business services provider’s stock, valued at approximately $85,213,000.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in Fiserv during the third quarter worth approximately $5,705,241,000. California Public Employees Retirement System acquired a new stake in Fiserv during the fourth quarter worth approximately $423,780,000. Pittenger & Anderson Inc. acquired a new stake in Fiserv during the fourth quarter worth approximately $400,079,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $422,884,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $351,525,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FI shares. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Susquehanna lifted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Morgan Stanley lifted their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a research report on Thursday, January 11th. Finally, Jefferies Financial Group lifted their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Trading Up 0.7 %

Shares of NYSE:FI traded up $1.04 during mid-day trading on Thursday, reaching $153.29. 3,049,942 shares of the company’s stock were exchanged, compared to its average volume of 2,557,857. The firm has a market capitalization of $90.25 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.27 and a beta of 0.91. The business’s fifty day moving average price is $152.28 and its 200-day moving average price is $137.34. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue 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, research analysts predict that Fiserv, Inc. will post 8.63 EPS for the current fiscal year.

Insider Activity at Fiserv

In other 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 over the last quarter. Company insiders own 0.75% of the company’s stock.

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.