Northern Trust Corp Acquires 8,689 Shares of Fiserv, Inc. $FI

Key Points

• Northern Trust Corp increased its stake in Fiserv, Inc. by 0.1%, owning over 6.2 million shares valued at approximately $1.37 billion.
• Insider sales included Adam L. Rosman and Andrew Gelb, who sold shares resulting in a decrease of 4.49% and 18.21% in their holdings, respectively.
• Fiserv reported an EPS of $2.47 for the last quarter, surpassing expectations, with a year-over-year revenue increase of 8%.

Northern Trust Corp boosted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 0.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,215,409 shares of the business services provider's stock after buying an additional 8,689 shares during the quarter. Northern Trust Corp owned approximately 1.12% of Fiserv worth $1,372,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vega Investment Solutions purchased a new position in shares of Fiserv in the fourth quarter valued at $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $28,000. Abound Financial LLC purchased a new position in shares of Fiserv in the first quarter valued at $38,000. Quarry LP grew its position in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $54,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.5%

Fiserv stock traded down $0.7040 during trading hours on Friday, reaching $139.2960. The company had a trading volume of 6,161,371 shares, compared to its average volume of 4,472,828. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50-day moving average price of $154.67 and a 200 day moving average price of $185.49. The firm has a market cap of $75.72 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 0.91 and a beta of 0.91. 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 announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Transactions at Fiserv

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 transaction, the executive vice president owned 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of the business's 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 transaction, the insider owned 53,385 shares in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on FI. UBS Group reduced their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Citigroup dropped their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Jefferies Financial Group dropped their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. JPMorgan Chase & Co. dropped their price objective on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, KeyCorp dropped their price objective 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 analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average 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.