Ameriprise Financial Inc. Raises Position in Fiserv, Inc. $FI

Key Points

• Ameriprise Financial Inc. increased its stake in Fiserv, Inc. by 0.1%, owning approximately 1,941,089 shares worth $428.6 million at the end of the most recent reporting period.
• Several other institutional investors also took positions in Fiserv, with hedge funds and institutions owning 90.98% of the company's stock.
• Fiserv reported $2.47 EPS for the last quarter, exceeding consensus estimates, and set FY 2025 guidance at 10.150-10.30 EPS.

Ameriprise Financial Inc. lifted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,941,089 shares of the business services provider's stock after buying an additional 2,522 shares during the period. Ameriprise Financial Inc. owned about 0.35% of Fiserv worth $428,646,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after purchasing an additional 2,033 shares during the last quarter. First Trust Advisors LP boosted its position in Fiserv by 100.2% during the fourth quarter. First Trust Advisors LP now owns 234,392 shares of the business services provider's stock valued at $48,149,000 after acquiring an additional 117,302 shares during the last quarter. Pinebridge Investments L.P. boosted its position in Fiserv by 1,231.1% during the fourth quarter. Pinebridge Investments L.P. now owns 87,536 shares of the business services provider's stock valued at $17,982,000 after acquiring an additional 80,960 shares during the last quarter. MGO One Seven LLC boosted its position in shares of Fiserv by 10.1% during the 4th quarter. MGO One Seven LLC now owns 15,721 shares of the business services provider's stock worth $3,229,000 after purchasing an additional 1,436 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Fiserv by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after purchasing an additional 44 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of the business's 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 sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company's stock.

Fiserv Trading Down 0.5%

Shares of FI stock traded down $0.7040 during mid-day trading on Friday, reaching $139.2960. The stock had a trading volume of 6,162,525 shares, compared to its average volume of 4,914,619. The stock's 50-day moving average price is $154.20 and its two-hundred day moving average price is $184.35. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The firm has a market capitalization of $75.72 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.91. 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 released its quarterly earnings data 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. 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 company's revenue for the quarter 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. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. KeyCorp decreased their price objective on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Mizuho cut their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.