Fiserv, Inc. $FI Stake Trimmed by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. reduced its holdings in Fiserv, Inc. by 4.9%, selling 25,100 shares during the first quarter, which left them with approximately 0.09% ownership valued at $106.8 million.
• Multiple institutional investors recently made moves regarding Fiserv, with a significant stake owned by 90.98% of these firms, highlighting its status as a widely held stock.
• Analyst ratings for Fiserv show a consensus of "Moderate Buy"* with price targets varying significantly, indicating differing perspectives on the stock's future performance.

Adage Capital Partners GP L.L.C. trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483,831 shares of the business services provider's stock after selling 25,100 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Fiserv worth $106,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in FI. Kestra Private Wealth Services LLC boosted its stake in Fiserv by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock valued at $1,743,000 after acquiring an additional 230 shares during the period. American National Bank & Trust boosted its stake in Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after acquiring an additional 1,983 shares during the period. Meridian Wealth Advisors LLC grew its stake in Fiserv by 4.1% during the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after buying an additional 1,046 shares during the last quarter. Ethic Inc. increased its position in Fiserv by 15.0% in the fourth quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock worth $20,958,000 after buying an additional 13,325 shares during the period. Finally, Cerity Partners LLC increased its position in Fiserv by 17.2% in the first quarter. Cerity Partners LLC now owns 476,569 shares of the business services provider's stock worth $105,241,000 after buying an additional 69,977 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FI. Jefferies Financial Group dropped their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Truist Financial increased their target price on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. dropped their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. UBS Group dropped their target price on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Finally, Tigress Financial increased their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Price Performance

NYSE:FI traded down $1.22 during midday trading on Friday, hitting $134.96. 3,574,503 shares of the stock were exchanged, compared to its average volume of 3,736,661. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The company has a market capitalization of $73.36 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 0.89 and a beta of 0.94. The business has a 50-day moving average price of $148.21 and a two-hundred day moving average price of $178.53. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping 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 return on equity of 19.69% and a net margin of 16.00%.The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS 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.