Seelaus Asset Management LLC Invests $310,000 in Fiserv, Inc. (NYSE:FI)

Seelaus Asset Management LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,335 shares of the business services provider’s stock, valued at approximately $310,000.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in shares of Fiserv during the 3rd quarter worth $5,705,241,000. Morgan Stanley lifted its stake in Fiserv by 131.3% in the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after acquiring an additional 5,666,145 shares during the period. Norges Bank bought a new position in Fiserv during the 4th quarter worth about $547,079,000. Moneta Group Investment Advisors LLC increased its position in 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 during the period. Finally, Nordea Investment Management AB bought a new stake in shares of Fiserv in the 4th quarter valued at about $351,525,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other Fiserv 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 approximately $24,477,911.47. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 18.20% of the company’s stock.

Fiserv Stock Down 0.1 %

FI stock opened at $153.59 on Friday. The company has a market capitalization of $90.43 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The firm’s fifty day simple moving average is $151.25 and its 200-day simple moving average is $134.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 earnings per share. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on shares of 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 lifted their price target on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. StockNews.com initiated coverage on Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating for the company. Truist Financial lifted their target price on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Finally, BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price 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.