636,726 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 636,726 shares of the business services provider’s stock, valued at approximately $84,583,000. Fiserv makes up 4.5% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of FI. Vanguard Group Inc. acquired a new stake in shares of Fiserv in the 3rd quarter valued at $5,705,241,000. Morgan Stanley increased its stake in shares of Fiserv by 131.3% in the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after buying an additional 5,666,145 shares during the period. Norges Bank acquired a new stake in shares of Fiserv in the 4th quarter valued at $547,079,000. Moneta Group Investment Advisors LLC grew its stake in shares of Fiserv by 135,763.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock worth $463,721,000 after purchasing an additional 4,584,740 shares during the period. Finally, Nordea Investment Management AB bought a new position in Fiserv during the fourth quarter worth about $351,525,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FI shares. B. Riley lifted their target price on Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Barclays upped their price objective on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Morgan Stanley increased their price target on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a research report on Monday, January 8th. Finally, Truist Financial upped their price objective on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Price Performance

Shares of FI stock traded down $1.34 during trading hours on Friday, reaching $152.25. The company’s stock had a trading volume of 447,595 shares, compared to its average volume of 2,482,627. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a market capitalization of $89.64 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.26 and a beta of 0.91. The firm’s 50 day simple moving average is $151.25 and its 200-day simple moving average is $134.92.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter last year, the business posted $1.91 EPS. Fiserv’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.20% of the stock is currently owned by company insiders.

Fiserv 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.