Banco BTG Pactual S.A. Decreases Position in Fiserv, Inc. $FI

Key Points

• Banco BTG Pactual S.A. reduced its stake in Fiserv, Inc. by 60.2% during the first quarter, leaving it with 1,192 shares valued at approximately $263,000.
• Insider sales included Andrew Gelb and Adam L. Rosman, who sold significant shares of Fiserv, decreasing their positions by 18.21% and 4.49%, respectively.
• Analysts are divided on Fiserv's stock, with one strong buy, 22 buy ratings, and a consensus average price target of $207.08.

Banco BTG Pactual S.A. cut its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 60.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,192 shares of the business services provider's stock after selling 1,800 shares during the period. Banco BTG Pactual S.A.'s holdings in Fiserv were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FI. Vega Investment Solutions bought a new stake in shares of Fiserv in the 4th quarter valued at about $25,000. Park Square Financial Group LLC purchased a new position in Fiserv in the 4th quarter worth approximately $28,000. Abound Financial LLC bought a new stake in Fiserv in the first quarter valued at approximately $38,000. Quarry LP boosted its stake in shares of 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 purchasing an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Fiserv in the fourth quarter worth approximately $54,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 completion of the transaction, the executive vice president directly owned 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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. Company insiders own 0.74% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on FI shares. Susquehanna dropped their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday, July 24th. Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research note on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price on the stock. Robert W. Baird reduced their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lowered their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $207.08.

Fiserv Stock Performance

Shares of FI opened at $139.9430 on Thursday. The company has a 50-day simple moving average of $155.22 and a two-hundred day simple moving average of $186.02. 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 firm has a market capitalization of $76.07 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 0.91 and a beta of 0.91. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59.

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, topping the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The business's revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.

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