Banco Santander S.A. acquired a new position in Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,855 shares of the business services provider's stock, valued at approximately $2,397,000.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after buying an additional 2,126,419 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after purchasing an additional 253,544 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after buying an additional 340,938 shares in the last quarter. Northern Trust Corp boosted its holdings in Fiserv by 19.5% in the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock worth $1,274,984,000 after buying an additional 1,014,126 shares during the period. Finally, Sanders Capital LLC raised its holdings in Fiserv by 9.6% during the 4th quarter. Sanders Capital LLC now owns 4,662,197 shares of the business services provider's stock valued at $957,709,000 after acquiring an additional 406,460 shares during the period. Institutional investors own 90.98% of the company's stock.
Fiserv Stock Performance
Shares of NYSE FI traded down $0.06 during midday trading on Wednesday, reaching $134.22. 5,699,606 shares of the stock were exchanged, compared to its average volume of 6,792,579. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market cap of $72.96 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 0.87 and a beta of 0.91. The firm has a 50-day simple moving average of $161.64 and a two-hundred day simple moving average of $191.66. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59.
Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Fiserv'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 business earned $2.13 EPS. As a group, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.
Insider Activity at Fiserv
In other news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president directly owned 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Truist Financial lifted their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Mizuho decreased their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 29th. Morgan Stanley dropped their price target 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, KeyCorp decreased their price objective on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and a consensus target price of $207.08.
View Our Latest Research Report on FI
Fiserv Profile
(
Free Report)
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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