Ramsay Stattman Vela & Price Inc. Buys Shares of 84,228 Fiserv, Inc. (NYSE:FI)

Ramsay Stattman Vela & Price Inc. bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 84,228 shares of the business services provider’s stock, valued at approximately $11,189,000. Fiserv accounts for approximately 2.3% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 16th largest position.

Several other large investors have also recently bought and sold shares of FI. Vanguard Group Inc. acquired a new position in Fiserv during the 3rd quarter valued at about $5,705,241,000. Morgan Stanley boosted its position in shares of Fiserv by 131.3% during 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 purchasing an additional 5,666,145 shares in the last quarter. Norges Bank bought a new position in shares of Fiserv during the 4th quarter valued at about $547,079,000. Moneta Group Investment Advisors LLC boosted its position in shares of Fiserv by 135,763.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock valued at $463,721,000 after purchasing an additional 4,584,740 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Fiserv during the 4th quarter valued at about $351,525,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Fiserv stock traded up $1.71 on Friday, reaching $148.62. 2,515,820 shares of the stock were exchanged, compared to its average volume of 2,178,098. The firm has a fifty day moving average price of $151.81 and a two-hundred day moving average price of $136.53. The stock has a market cap of $87.50 billion, a PE ratio of 29.72, a PEG ratio of 1.21 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Sell-side analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current year.

Insider Activity at Fiserv

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FI shares. Stephens raised their price objective on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Royal Bank of Canada lifted their price objective on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. BMO Capital Markets lifted their price objective on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. 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 report on Wednesday, February 7th. Finally, Mizuho reiterated a “buy” rating and set a $156.00 price objective on shares of Fiserv in a research report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $158.21.

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.