Fiserv, Inc. $FI Shares Sold by Dodge & Cox

Key Points

• Dodge & Cox has reduced its holdings in Fiserv, Inc. by 5.0%, selling 1,601,904 shares, while still holding approximately 30.6 million shares, which represents 3.9% of their total portfolio.
• Insider trading activity includes sales by executive Adam L. Rosman and EVP Andrew Gelb, with Rosman selling 2,512 shares and Gelb selling 5,652 shares, both transactions resulting in significant decreases in their ownership stakes.
• Wall Street analysts generally remain optimistic about Fiserv, with a consensus average target price of $207.08 and 22 analysts rating the stock as a Buy.

Dodge & Cox decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,590,491 shares of the business services provider's stock after selling 1,601,904 shares during the quarter. Fiserv comprises approximately 3.9% of Dodge & Cox's investment portfolio, making the stock its 2nd biggest position. Dodge & Cox owned about 5.52% of Fiserv worth $6,755,298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its position in Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after buying an additional 44 shares in the last quarter. Rappaport Reiches Capital Management LLC grew its position in Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after buying an additional 48 shares in the last quarter. Adero Partners LLC grew its position in Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after buying an additional 55 shares in the last quarter. E Fund Management Co. Ltd. grew its position in Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock worth $323,000 after buying an additional 55 shares in the last quarter. Finally, Oakworth Capital Inc. grew its position in Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. KeyCorp reduced their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. UBS Group reduced their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Keefe, Bruyette & Woods reduced their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Stephens cut their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. cut their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $207.08.

Fiserv Price Performance

Shares of FI traded up $0.18 during trading hours on Wednesday, reaching $138.06. The stock had a trading volume of 3,614,849 shares, compared to its average volume of 4,455,024. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The stock has a market capitalization of $75.05 billion, a PE ratio of 23.05, a PEG ratio of 0.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The company's 50-day moving average is $153.14 and its two-hundred day moving average is $183.38.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the prior year, the company earned $2.13 EPS. Fiserv's revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv 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.