Bell Asset Management Ltd Makes New $11.54 Million Investment in Fiserv, Inc. (NYSE:FI)

Bell Asset Management Ltd purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 86,892 shares of the business services provider’s stock, valued at approximately $11,543,000. Fiserv accounts for about 1.8% of Bell Asset Management Ltd’s portfolio, making the stock its 11th largest position.

Several other hedge funds also recently bought and sold shares of FI. Hollencrest Capital Management boosted its position in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. West Oak Capital LLC purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Halpern Financial Inc. acquired a new position in Fiserv in the fourth quarter worth approximately $27,000. GW&K Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $27,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

NYSE FI traded down $0.48 during trading on Tuesday, reaching $147.99. 2,089,625 shares of the company traded hands, compared to its average volume of 2,494,171. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $86.59 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 1.21 and a beta of 0.93. The stock’s 50 day moving average price is $152.52 and its two-hundred day moving average price is $144.65. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. As a group, analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. 0.75% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FI shares. Morgan Stanley lifted their target price on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Jefferies Financial Group raised their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Truist Financial boosted their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Stephens reissued an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. Finally, KeyCorp boosted their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $164.83.

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.