Bank Julius Baer & Co. Ltd Zurich Invests $85.21 Million in Fiserv, Inc. (NYSE:FI)

Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 641,468 shares of the business services provider’s stock, valued at approximately $85,213,000. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.11% of Fiserv as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FI. Apeiron RIA LLC boosted its stake in Fiserv by 2.9% in the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after purchasing an additional 90 shares in the last quarter. Brighton Jones LLC lifted its stake in Fiserv by 4.0% during the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 92 shares during the period. Jacobi Capital Management LLC lifted its stake in Fiserv by 0.9% during the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after acquiring an additional 94 shares during the period. UniSuper Management Pty Ltd lifted its stake in Fiserv by 2.3% during the 3rd quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 100 shares during the period. Finally, Hollencrest Capital Management lifted its stake in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Up 0.7 %

Fiserv stock traded up $1.04 during trading hours on Thursday, reaching $153.29. The stock had a trading volume of 3,049,942 shares, compared to its average volume of 2,557,857. The company has a market cap 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 company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The business’s 50 day moving average price is $152.28 and its 200-day moving average price is $137.34. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week 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 the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 over the last quarter. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Barclays upped their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. StockNews.com assumed coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating for the company. Truist Financial upped their price target on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a report on Thursday, January 11th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.33.

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.