Fiserv, Inc. $FI Position Increased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP significantly increased its stake in Fiserv, Inc. by 1,205.1%, owning approximately 0.10% of the company, valued at about $124.8 million as of the latest reporting period.
• Analysts have mixed ratings on Fiserv with one "Strong Buy," twenty-two "Buy," and two "Hold" ratings, while the consensus target price is $207.08.
• Fiserv reported $2.47 earnings per share for the last quarter, beating expectations, with a revenue of $5.20 billion and a year-over-year revenue increase of 8%.

Wellington Management Group LLP boosted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1,205.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 565,201 shares of the business services provider's stock after purchasing an additional 521,894 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of Fiserv worth $124,813,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Select Advisors LLC boosted its holdings in shares of Fiserv by 3.6% during the first quarter. Cornerstone Select Advisors LLC now owns 3,642 shares of the business services provider's stock valued at $804,000 after acquiring an additional 128 shares during the period. Korea Investment CORP increased its holdings in shares of Fiserv by 15.4% in the 1st quarter. Korea Investment CORP now owns 572,929 shares of the business services provider's stock worth $126,520,000 after acquiring an additional 76,335 shares during the period. Aptus Capital Advisors LLC lifted its position in Fiserv by 5.4% in the 1st quarter. Aptus Capital Advisors LLC now owns 109,271 shares of the business services provider's stock valued at $24,130,000 after purchasing an additional 5,551 shares during the last quarter. Brooklyn Investment Group boosted its stake in Fiserv by 88.5% during the 1st quarter. Brooklyn Investment Group now owns 8,322 shares of the business services provider's stock valued at $1,838,000 after purchasing an additional 3,908 shares during the period. Finally, Versor Investments LP bought a new position in Fiserv in the 1st quarter worth about $415,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FI. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Citigroup lowered their target price on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley reduced their price target on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Jefferies Financial Group lowered their price target on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Finally, Susquehanna cut their price objective on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $207.08.

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Fiserv Stock Up 0.1%

FI opened at $140.0820 on Friday. 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 has a market capitalization of $76.15 billion, a PE ratio of 23.39, a P/E/G ratio of 0.91 and a beta of 0.91. The stock's fifty day moving average is $154.67 and its 200-day moving average is $185.49. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59.

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

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.

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