Larson Financial Group LLC Makes New $548,000 Investment in Fiserv, Inc. (NYSE:FI)

Larson Financial Group LLC acquired a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,126 shares of the business services provider’s stock, valued at approximately $548,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after buying an additional 789,232 shares during the last quarter. Northern Trust Corp increased its holdings in Fiserv by 2.7% in the 3rd quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock worth $724,848,000 after acquiring an additional 168,286 shares during the last quarter. Invesco Ltd. raised its stake in Fiserv by 5.2% in the 3rd quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock valued at $588,252,000 after acquiring an additional 258,036 shares during the period. California Public Employees Retirement System raised its stake in Fiserv by 1.8% in the 3rd quarter. California Public Employees Retirement System now owns 3,340,624 shares of the business services provider’s stock valued at $377,357,000 after acquiring an additional 60,176 shares during the period. Finally, Nordea Investment Management AB purchased a new stake in Fiserv during the fourth quarter valued at about $351,525,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Barclays lifted their price objective on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Truist Financial increased their target price on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. B. Riley lifted their price target on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, StockNews.com assumed coverage on Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.46.

Fiserv Stock Up 4.4 %

FI opened at $155.38 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $152.14 and its 200 day simple moving average is $137.23. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The stock has a market cap of $91.48 billion, a PE ratio of 31.08, a P/E/G ratio of 1.22 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.79 by $0.09. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 EPS. As a group, research analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

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.