Fiserv, Inc. $FI Shares Sold by Credit Agricole S A

Key Points

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Credit Agricole S A decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,413 shares of the business services provider's stock after selling 4,427 shares during the quarter. Credit Agricole S A's holdings in Fiserv were worth $57,949,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FI. Vanguard Group Inc. grew its position in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after buying an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares during the last quarter. Nuveen LLC bought a new position in Fiserv during the first quarter worth $1,722,584,000. Finally, Nuveen Asset Management LLC lifted its stake in Fiserv by 5.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after purchasing an additional 340,938 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the transaction, the insider owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the 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 owned 25,385 shares of the company's stock, valued at $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Fiserv Stock Performance

FI stock traded down $0.7040 during mid-day 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 stock has a market capitalization of $75.72 billion, a P/E ratio of 23.25, a P/E/G ratio of 0.91 and a beta of 0.91. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The stock's 50-day simple moving average is $154.20 and its two-hundred day simple moving average is $184.97.

Fiserv (NYSE:FI - Get Free Report) last posted 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. The business had revenue of $5.20 billion during 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 company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on FI. Piper Sandler set a $218.00 price objective on Fiserv in a research note on Friday, April 25th. Jefferies Financial Group reduced their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Stephens reduced their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Tigress Financial raised their price objective on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, KeyCorp cut their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. One equities research 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 company's stock. Based on data from MarketBeat, the stock has a consensus 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.