Fiserv, Inc. $FI Shares Purchased by CW Advisors LLC

Key Points

• CW Advisors LLC increased its holdings in Fiserv, Inc. by 270.6% in the first quarter, totaling 13,733 shares valued at approximately $3,038,000.
• Fiserv received a consensus rating of Moderate Buy from analysts, with an average price target of $207.08; a variety of analysts have set differing price objectives ranging from $180.00 to $250.00.
• The company reported a quarterly earnings of $2.47 per share, exceeding estimates, with an 8.0% year-over-year revenue growth, reaching $5.20 billion.

CW Advisors LLC boosted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 270.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,733 shares of the business services provider's stock after acquiring an additional 10,027 shares during the quarter. CW Advisors LLC's holdings in Fiserv were worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 44 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Fiserv by 19.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 17,289 shares of the business services provider's stock worth $3,551,000 after purchasing an additional 2,870 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Fiserv by 108.0% during the fourth quarter. Johnson Financial Group Inc. now owns 12,052 shares of the business services provider's stock worth $2,604,000 after purchasing an additional 6,259 shares in the last quarter. Finally, Eight 31 Financial LLC acquired a new position in shares of Fiserv during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FI shares. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective on the stock. Wall Street Zen upgraded Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday. Stephens reduced their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Tigress Financial boosted their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Keefe, Bruyette & Woods cut their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $207.08.

Insider Activity

In other news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction 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. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president directly 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. 0.74% of the stock is owned by insiders.

Fiserv Stock Down 0.5%

Shares of Fiserv stock opened at $139.2960 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market cap of $75.72 billion, a P/E ratio of 23.25, a P/E/G ratio of 0.91 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The business has a 50-day moving average price of $154.20 and a 200 day moving average price of $184.67.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.Fiserv's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.

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