HighTower Advisors LLC Increases Stock Position in Fiserv, Inc. $FI

Key Points

• HighTower Advisors LLC increased its position in Fiserv, Inc. by 5.1%, now owning 77,562 shares worth approximately $17.1 million as of its latest SEC filing.
• Research firms have varying price targets for Fiserv, with KeyCorp reducing its target from $250 to $200, while Truist Financial raised its target from $181 to $185, indicating a mixed outlook from analysts.
• Fiserv reported a quarterly earnings per share (EPS) of $2.47, which surpassed analysts' expectations and showed an 8.0% revenue growth compared to the same quarter last year.

HighTower Advisors LLC lifted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,562 shares of the business services provider's stock after acquiring an additional 3,790 shares during the quarter. HighTower Advisors LLC's holdings in Fiserv were worth $17,128,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after buying an additional 2,033 shares during the period. Jump Financial LLC raised its stake in shares of Fiserv by 116.0% during the fourth quarter. Jump Financial LLC now owns 8,148 shares of the business services provider's stock valued at $1,674,000 after acquiring an additional 4,375 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Fiserv by 3.4% in the fourth quarter. NewEdge Advisors LLC now owns 23,917 shares of the business services provider's stock valued at $4,913,000 after purchasing an additional 785 shares during the period. Allred Capital Management LLC boosted its holdings in shares of Fiserv by 4.2% in the fourth quarter. Allred Capital Management LLC now owns 4,921 shares of the business services provider's stock valued at $1,011,000 after purchasing an additional 199 shares during the period. Finally, 1492 Capital Management LLC bought a new position in Fiserv in the fourth quarter worth approximately $205,000. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FI shares. Morgan Stanley dropped their price target on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Robert W. Baird dropped their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Mizuho reduced their price target 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. Citigroup lowered their price target on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Truist Financial lifted their price objective on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $207.08.

Fiserv Stock Performance

Fiserv stock traded down $0.8010 during mid-day trading on Thursday, reaching $139.1590. 572,102 shares of the company traded hands, compared to its average volume of 4,442,794. The firm's fifty day moving average is $155.22 and its two-hundred day moving average is $186.02. The company has a market capitalization of $75.65 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results 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. 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 company's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president 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. Corporate insiders own 0.74% of the company's stock.

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.