APG Asset Management N.V. Sells 18,515 Shares of Fiserv, Inc. $FI

Key Points

• APG Asset Management N.V. reduced its holdings in Fiserv, Inc. by 4.3% during the first quarter, now owning approximately $84.77 million in shares.
• Several hedge funds have increased their stakes in Fiserv, with Kovitz Investment Group Partners LLC leading at a 343.7% increase in the fourth quarter.
• Brokerages have mixed forecasts for Fiserv, with a consensus price target of $207.08 and a moderate buy rating, while the stock is currently valued at around $139.30.

APG Asset Management N.V. decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 414,646 shares of the business services provider's stock after selling 18,515 shares during the quarter. APG Asset Management N.V. owned about 0.07% of Fiserv worth $84,768,000 as of its most recent SEC filing.

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

Fiserv Trading Down 0.4%

Shares of NYSE FI traded down $0.54 during mid-day trading on Thursday, reaching $137.44. The company had a trading volume of 1,569,258 shares, compared to its average volume of 4,436,733. The business's 50-day moving average is $152.68 and its 200-day moving average is $183.07. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market cap of $74.71 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the prior year, the business earned $2.13 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. 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 year.

Analyst Ratings Changes

A number of research analysts have weighed in on FI shares. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Truist Financial boosted their price objective 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. Jefferies Financial Group cut their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods cut their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Finally, Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and an average price target of $207.36.

Fiserv 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.