Fiserv, Inc. $FI Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

Key Points

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BI Asset Management Fondsmaeglerselskab A S raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 21.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 292,680 shares of the business services provider's stock after buying an additional 50,951 shares during the period. Fiserv makes up approximately 0.7% of BI Asset Management Fondsmaeglerselskab A S's holdings, making the stock its 27th largest holding. BI Asset Management Fondsmaeglerselskab A S owned about 0.05% of Fiserv worth $64,633,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FI. T. Rowe Price Investment Management Inc. grew 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 valued at $794,000 after buying an additional 44 shares during the last quarter. Rappaport Reiches Capital Management LLC grew its position in shares of Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock valued at $282,000 after buying an additional 48 shares during the last quarter. Adero Partners LLC grew its position in shares of Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after buying an additional 55 shares during the last quarter. E Fund Management Co. Ltd. grew its position in shares of Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock valued at $323,000 after buying an additional 55 shares during the last quarter. Finally, Oakworth Capital Inc. grew its position in shares of Fiserv by 5.6% during the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock valued at $235,000 after buying an additional 56 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Andrew Gelb sold 5,652 shares of the company's 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 completion of the sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FI. Robert W. Baird lowered their price objective on shares of 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 lowered their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. UBS Group reduced their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Tigress Financial boosted their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $207.08.

Fiserv Price Performance

Shares of NYSE:FI traded down $0.7040 during trading on Friday, reaching $139.2960. The company had a trading volume of 6,162,525 shares, compared to its average volume of 4,995,653. The firm's fifty day moving average is $154.20 and its 200 day moving average is $184.97. 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. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly 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. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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.