Acadian Asset Management LLC Sells 4,617 Shares of Fiserv, Inc. $FI

Key Points

• Acadian Asset Management LLC reduced its stake in Fiserv, Inc. by 20.1%, selling 4,617 shares, leaving them with 18,369 shares valued at approximately $4.05 million.
• Major investors like Vanguard Group and JPMorgan Chase have significantly increased their holdings in Fiserv, with Vanguard acquiring an additional 535,407 shares.
• Multiple brokerages adjusted their price targets for Fiserv, with a consensus average target of $207.36, indicating expectations of future growth despite recent drops in individual price targets.

Acadian Asset Management LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,369 shares of the business services provider's stock after selling 4,617 shares during the quarter. Acadian Asset Management LLC's holdings in Fiserv were worth $4,052,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after acquiring an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares in the last quarter. Nuveen LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $1,722,584,000. Finally, Alliancebernstein L.P. boosted its position in shares of Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after purchasing an additional 287,420 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on FI. Stephens dropped their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Truist Financial boosted their price target on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Tigress Financial boosted their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. The Goldman Sachs Group decreased their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Finally, UBS Group decreased their price objective on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Trading Down 0.9%

Shares of FI stock opened at $134.43 on Monday. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The firm has a fifty day moving average price of $144.31 and a 200-day moving average price of $174.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $73.07 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 0.87 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.