J. Safra Sarasin Holding AG Makes New $516,000 Investment in Fiserv, Inc. (NYSE:FI)

Key Points

• J. Safra Sarasin Holding AG acquired 2,338 shares of Fiserv, Inc., valued at approximately $516,000, during the first quarter.
• Fiserv's stock has a market capitalization of $72.98 billion and reported earnings of $2.47 per share for the last quarter, exceeding estimates by $0.04.
• Research analysts have mixed views on Fiserv, with a consensus rating of "Moderate Buy" and a target price around $207.08.

J. Safra Sarasin Holding AG acquired a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,338 shares of the business services provider's stock, valued at approximately $516,000.

Other hedge funds have also recently modified their holdings of the company. Vega Investment Solutions purchased a new position in shares of Fiserv in the 4th quarter worth $25,000. Park Square Financial Group LLC bought a new stake in Fiserv during the fourth quarter worth approximately $28,000. Abound Financial LLC bought a new stake in Fiserv during the first quarter worth approximately $38,000. Quarry LP lifted its stake in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity

In related news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider owned 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Fiserv Price Performance

Shares of NYSE FI traded down $0.06 on Wednesday, hitting $134.22. The company's stock had a trading volume of 5,699,606 shares, compared to its average volume of 6,792,579. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The company has a market capitalization of $72.96 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The stock has a 50 day moving average of $161.64 and a 200-day moving average of $191.66.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.13 earnings per share. As a group, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Susquehanna decreased their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday, July 24th. Piper Sandler set a $218.00 price target on Fiserv in a research note on Friday, April 25th. Stephens dropped their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Tigress Financial boosted their price target on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $207.08.

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.