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

Larson Financial Group LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,126 shares of the business services provider’s stock, valued at approximately $548,000.

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

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 111,575 shares of company stock worth $17,022,387. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of a number of analyst reports. Truist Financial upped their price target on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Mizuho reaffirmed a “buy” rating and set a $156.00 target price on shares of Fiserv in a research note on Wednesday, March 27th. Stephens lifted their price target on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.46.

Fiserv Stock Up 4.4 %

NYSE 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. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The business’s fifty day simple moving average is $152.14 and its 200-day simple moving average is $137.23. The firm 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 posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.09. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.63 earnings per share for the current year.

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.