Bowen Hanes & Co. Inc. Purchases New Position in Fiserv, Inc. $FI

Key Points

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Bowen Hanes & Co. Inc. acquired a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 165,500 shares of the business services provider's stock, valued at approximately $36,547,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vega Investment Solutions bought a new position in shares of Fiserv in the 4th quarter valued at about $25,000. Park Square Financial Group LLC bought a new position in shares of Fiserv in the 4th quarter valued at about $28,000. Abound Financial LLC bought a new position in shares of Fiserv in the 1st quarter valued at about $38,000. Quarry LP grew its position in shares of Fiserv by 51.9% in the 4th 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 period. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Fiserv in the 4th quarter valued at about $54,000. Institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler set a $218.00 target price on shares of Fiserv in a research note on Friday, April 25th. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday. Stephens cut their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Robert W. Baird cut their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group cut 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 analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.08.

Fiserv Stock Performance

Fiserv stock traded down $0.7040 during midday trading on Friday, hitting $139.2960. The company's stock had a trading volume of 6,162,525 shares, compared to its average volume of 4,995,653. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. 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 company has a 50-day moving average price of $154.20 and a two-hundred day moving average price of $184.97. The company has a market cap of $75.72 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.91 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share 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 business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the previous year, the company earned $2.13 EPS. The business's revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Activity

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider directly owned 53,385 shares in the company, 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. 0.74% of the stock is owned by company insiders.

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.