Dorsey & Whitney Trust CO LLC Sells 4,875 Shares of Fiserv, Inc. $FI

Key Points

• Dorsey & Whitney Trust CO LLC reduced its stake in Fiserv, Inc. by 4% to 116,782 shares, making it the 12th largest holding in their portfolio valued at approximately $25.79 million.
• Several hedge funds, including JPMorgan Chase & Co. and GAMMA Investing LLC, significantly increased their positions in Fiserv during the first quarter, indicating strong institutional interest.
• Analysts have adjusted price targets for Fiserv, with new targets ranging from $185 to $200, reflecting a general sentiment of "Moderate Buy" for the stock.

Dorsey & Whitney Trust CO LLC decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,782 shares of the business services provider's stock after selling 4,875 shares during the quarter. Fiserv accounts for about 1.5% of Dorsey & Whitney Trust CO LLC's investment portfolio, making the stock its 12th largest holding. Dorsey & Whitney Trust CO LLC's holdings in Fiserv were worth $25,789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FI. Kestra Private Wealth Services LLC raised its position in shares of Fiserv by 3.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock worth $1,743,000 after purchasing an additional 230 shares during the period. American National Bank & Trust boosted its position in shares of Fiserv by 2.4% during the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after purchasing an additional 1,983 shares in the last quarter. Evercore Wealth Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $54,981,000. Meridian Wealth Advisors LLC boosted its holdings in shares of Fiserv by 4.1% in the first quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after buying an additional 1,046 shares during the period. Finally, Ethic Inc. lifted its holdings in shares of Fiserv by 15.0% in the fourth quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock valued at $20,958,000 after purchasing an additional 13,325 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI traded down $0.7040 during trading hours on Friday, hitting $139.2960. 6,162,525 shares of the company were exchanged, compared to its average volume of 4,995,653. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The firm has a fifty day simple moving average of $154.20 and a 200-day simple moving average of $184.97. The company has a market capitalization of $75.72 billion, a PE ratio of 23.25, a PEG ratio of 0.91 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the previous year, the business posted $2.13 EPS. The business's revenue for the quarter 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 related news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was 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 approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. The trade was 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 currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on FI. Tigress Financial boosted their price target on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Keefe, Bruyette & Woods dropped their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. BMO Capital Markets dropped their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a research note on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price for the company. Finally, KeyCorp lowered their price target on Fiserv from $250.00 to $200.00 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 issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $207.08.

About Fiserv

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.