Commonwealth Equity Services LLC Has $25.20 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Key Points

• Commonwealth Equity Services LLC increased its stake in Fiserv, Inc. by 5.1% in Q1, acquiring an additional 5,556 shares to hold a total of 114,099 shares worth approximately $25.2 million.
• Executive Vice President Andrew Gelb sold 5,652 shares of Fiserv on May 28 at an average price of $160.00, resulting in an 18.21% decrease in their position in the company.
• Fiserv reported a quarterly earnings per share (EPS) of $2.47, exceeding analysts' expectations, and noted a revenue of $5.20 billion, marking an 8.0% increase from the previous year.

Commonwealth Equity Services LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,099 shares of the business services provider's stock after purchasing an additional 5,556 shares during the quarter. Commonwealth Equity Services LLC's holdings in Fiserv were worth $25,196,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FI. Vega Investment Solutions acquired a new position in Fiserv in the 4th quarter valued at $25,000. Park Square Financial Group LLC bought a new stake in Fiserv during the fourth quarter valued at about $28,000. Abound Financial LLC acquired a new stake in shares of Fiserv in the first quarter valued at about $38,000. Quarry LP increased its stake in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Price Performance

FI traded up $0.40 during trading on Friday, hitting $133.10. The company's stock had a trading volume of 3,927,627 shares, compared to its average volume of 4,497,122. 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 stock has a market capitalization of $72.35 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The firm's 50 day moving average price is $160.58 and its two-hundred day moving average price is $190.74. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59.

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 (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share 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 value 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 trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction 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 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 position. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FI. Piper Sandler set a $218.00 price target on Fiserv in a research report on Friday, April 25th. Keefe, Bruyette & Woods dropped their target price 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. The Goldman Sachs Group reduced their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Morgan Stanley dropped their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Finally, Redburn Atlantic reiterated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and a consensus target price of $207.08.

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.