Fiserv, Inc. $FI Shares Purchased by Bowie Capital Management LLC

Key Points

• Bowie Capital Management LLC increased its stake in Fiserv, Inc. by 9.0% in Q1, owning 374,663 shares valued at approximately $82.7 million.
• Several hedge funds, including Brighton Jones LLC and Jump Financial LLC, have significantly raised their positions in Fiserv during the fourth quarter, indicating strong institutional interest in the stock.
• Fiserv reported a net margin of 16.00% and earnings of $2.47 per share, surpassing analysts' expectations and reflecting an 8.0% year-over-year revenue growth.

Bowie Capital Management LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 374,663 shares of the business services provider's stock after acquiring an additional 30,832 shares during the quarter. Fiserv accounts for 3.9% of Bowie Capital Management LLC's portfolio, making the stock its 14th biggest holding. Bowie Capital Management LLC owned about 0.07% of Fiserv worth $82,737,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vega Investment Solutions purchased a new position in Fiserv during the 4th quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv in the 4th quarter worth $28,000. Abound Financial LLC purchased a new stake in shares of Fiserv in the 1st quarter worth $38,000. Quarry LP lifted its holdings in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Fiserv in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

FI has been the subject of several research reports. Jefferies Financial Group lowered their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. BMO Capital Markets lowered their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Susquehanna lowered their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday, July 24th. Royal Bank Of Canada set a $237.00 target price on Fiserv in a report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price target for the company. One investment 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.08.

Fiserv Stock Down 0.3%

NYSE:FI traded down $0.4310 during mid-day trading on Thursday, hitting $139.5290. 1,304,075 shares of the company's stock traded hands, compared to its average volume of 4,447,145. The company has a fifty day moving average of $155.22 and a 200 day moving average of $186.02. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The company has a market capitalization of $75.85 billion, a P/E ratio of 23.32, a P/E/G ratio of 0.91 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

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 (EPS) 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 company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same period in the prior year, the company posted $2.13 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction that occurred on 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 in the company, valued at $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.

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.