American Century Companies Inc. Buys 555,419 Shares of Fiserv, Inc. $FI

Key Points

• American Century Companies Inc. increased its ownership of Fiserv, Inc. by 74.5%, acquiring an additional 555,419 shares, and now holds approximately 1,300,900 shares valued at roughly $287 million.
• Institutional investors collectively own 90.98% of Fiserv, with major firms like Vanguard and JPMorgan Chase also boosting their holdings during the 1st quarter.
• Wall Street analysts have reduced their price targets for Fiserv, with a consensus target of $207.08, while maintaining a "Moderate Buy" rating based on the company's performance and growth expectations.

American Century Companies Inc. lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 74.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,300,900 shares of the business services provider's stock after buying an additional 555,419 shares during the period. American Century Companies Inc. owned about 0.23% of Fiserv worth $287,278,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vega Investment Solutions acquired a new position in shares of Fiserv during the 4th quarter worth $25,000. Park Square Financial Group LLC bought a new position in shares of Fiserv in the 4th quarter valued at $28,000. Abound Financial LLC acquired a new position in Fiserv in the 1st quarter worth about $38,000. Quarry LP raised its position in Fiserv by 51.9% in the fourth 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 Fiserv in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider owned 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.75% of the company's stock.

Fiserv Trading Up 1.4%

FI stock traded up $1.8730 during mid-day trading on Tuesday, reaching $138.9330. The company's stock had a trading volume of 4,667,951 shares, compared to its average volume of 4,472,116. The company has a market cap of $75.52 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. The business's 50 day moving average price is $156.38 and its 200 day moving average price is $186.67. 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, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59.

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

Wall Street Analysts Forecast Growth

FI has been the subject of several research reports. Tigress Financial increased their target price on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Robert W. Baird dropped their target price on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Keefe, Bruyette & Woods dropped their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Morgan Stanley dropped their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Finally, Barclays set a $175.00 price objective on Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and a consensus price target of $207.08.

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.