Fiserv, Inc. $FI Shares Sold by Synovus Financial Corp

Key Points

• Synovus Financial Corp reduced its stake in Fiserv, Inc. by 13.8%, holding 49,659 shares valued at approximately $10.97 million after selling 7,927 shares in the first quarter.
• Analysts have mixed ratings for Fiserv, with 22 analysts giving a "Buy" rating while one analyst rated it as a "Sell", indicating varied market expectations.
• Fiserv recently reported an earnings per share (EPS) of $2.47 for the quarter, exceeding analysts' estimates and showing an 8.0% increase in revenue year-over-year.

Synovus Financial Corp lessened its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 13.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,659 shares of the business services provider's stock after selling 7,927 shares during the quarter. Synovus Financial Corp's holdings in Fiserv were worth $10,966,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FI. Vega Investment Solutions acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $28,000. Abound Financial LLC acquired a new position in shares of Fiserv during the first quarter valued at approximately $38,000. Quarry LP boosted its holdings in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Fiserv during the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FI shares. Tigress Financial raised their target price on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Truist Financial raised their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Mizuho reduced their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Jefferies Financial Group reduced their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Finally, Robert W. Baird reduced their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. One research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.08.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Fiserv Trading Down 0.5%

Fiserv stock opened at $139.2960 on Friday. The company has a 50 day moving average price of $154.20 and a 200 day moving average price of $184.67. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59. 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 firm has a market capitalization 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 (NYSE:FI - Get Free Report) last posted its quarterly earnings data 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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter last year, the business posted $2.13 EPS. The company's revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current 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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