GDS Wealth Management Has $17.26 Million Stock Holdings in Fiserv, Inc. $FI

Key Points

• GDS Wealth Management increased its holdings in Fiserv, Inc. by 3.0% during the first quarter, acquiring a total of 78,149 shares worth approximately $17.26 million.
• Fiserv's stock price has seen fluctuations, with a 12-month high of $238.59 and a low of $128.22, while its market capitalization stands at $75.52 billion.
• Insider activity includes significant sales, with EVP Andrew Gelb selling 5,652 shares at around $160 per share, representing an 18.21% decrease in his ownership of the stock.

GDS Wealth Management grew its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,149 shares of the business services provider's stock after buying an additional 2,248 shares during the quarter. Fiserv makes up 1.5% of GDS Wealth Management's portfolio, making the stock its 24th largest position. GDS Wealth Management's holdings in Fiserv were worth $17,258,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Kestra Private Wealth Services LLC boosted its holdings in shares of Fiserv by 3.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock valued at $1,743,000 after buying an additional 230 shares during the last quarter. American National Bank & Trust lifted its stake in Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after acquiring an additional 1,983 shares during the last quarter. Evercore Wealth Management LLC bought a new position in shares of Fiserv in the 4th quarter valued at about $54,981,000. Meridian Wealth Advisors LLC increased its stake in shares of Fiserv by 4.1% during the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Ethic Inc. lifted its stake in Fiserv by 15.0% in the 4th 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 during the last quarter. Institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FI. KeyCorp dropped their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. UBS Group dropped their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Stephens decreased their price objective on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Finally, The Goldman Sachs Group cut their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction 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 sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company's stock.

Fiserv Price Performance

Fiserv stock traded down $1.5350 during trading hours on Monday, reaching $138.1450. 1,045,525 shares of the stock were exchanged, compared to its average volume of 4,450,843. The stock has a 50 day moving average of $154.20 and a two-hundred day moving average of $184.35. The company has a market cap of $75.09 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 0.91 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts expect 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.