Aberdeen Group plc Buys 114,083 Shares of Fiserv, Inc. $FI

Key Points

• Aberdeen Group plc increased its stake in Fiserv, Inc. by 26.2%, now owning 550,150 shares valued at approximately $119.3 million.
• Institutional investors hold 90.98% of Fiserv's stock, with significant transactions made by firms like Nuveen LLC and JPMorgan Chase & Co.
• Fiserv reported a quarterly earnings of $2.47 EPS, surpassing estimates, and a revenue of $5.20 billion, which is an 8% increase year-over-year.

Aberdeen Group plc raised its position in Fiserv, Inc. (NYSE:FI - Free Report) by 26.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 550,150 shares of the business services provider's stock after purchasing an additional 114,083 shares during the period. Aberdeen Group plc owned 0.10% of Fiserv worth $119,347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kestra Private Wealth Services LLC increased its stake in 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 worth $1,743,000 after acquiring an additional 230 shares during the last quarter. American National Bank & Trust raised 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 purchasing an additional 1,983 shares in the last quarter. Evercore Wealth Management LLC bought a new stake in Fiserv during the fourth quarter valued at approximately $54,981,000. Meridian Wealth Advisors LLC increased its holdings in shares of Fiserv by 4.1% in the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after buying an additional 1,046 shares during the last quarter. Finally, Beck Mack & Oliver LLC raised its position in shares of Fiserv by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock valued at $105,463,000 after buying an additional 2,589 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity at Fiserv

In other Fiserv 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction 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 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.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup cut their target price on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research note on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective for the company. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Susquehanna lowered their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday, July 24th. Finally, Tigress Financial upped their price target on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Fiserv Trading Up 0.6%

NYSE:FI traded up $0.8330 during trading hours on Wednesday, hitting $139.9430. The company had a trading volume of 3,748,708 shares, compared to its average volume of 6,724,015. The stock has a 50-day moving average price of $155.22 and a 200 day moving average price of $186.02. The company has a market capitalization of $76.07 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 0.91 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the previous year, the company earned $2.13 earnings per share. Fiserv's quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Company 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.