Fiserv, Inc. (NYSE:FI) Shares Bought by Mesirow Financial Investment Management Inc.

Key Points

• Mesirow Financial Investment Management Inc. has significantly increased its stake in Fiserv, Inc. by 73% in the first quarter, owning 5,066 shares valued at about $1.12 million.
• A majority of analysts have a positive outlook on Fiserv, with a consensus rating of "Moderate Buy" and an average price target of $207.08 despite some recent price target adjustments.
• Fiserv's most recent earnings report showed an EPS of $2.47, exceeding expectations, and an annual revenue increase of 8% year-over-year, reaching $5.20 billion.

Mesirow Financial Investment Management Inc. raised its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 73.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,066 shares of the business services provider's stock after purchasing an additional 2,138 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Fiserv were worth $1,119,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FI. Vega Investment Solutions purchased a new position in shares of Fiserv in the 4th quarter worth $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv in the 4th quarter worth $28,000. Abound Financial LLC purchased a new position in shares of Fiserv in the 1st quarter worth $38,000. Quarry LP lifted its position in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Fiserv during the fourth quarter valued at $54,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 2.6%

NYSE FI traded down $3.60 on Friday, reaching $135.34. The stock had a trading volume of 5,449,415 shares, compared to its average volume of 6,346,013. The firm has a market capitalization of $73.57 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 0.90 and a beta of 0.91. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The stock has a fifty day moving average price of $162.62 and a two-hundred day moving average price of $192.74.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the firm posted $2.13 earnings per share. Fiserv's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the transaction, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the 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 completion of the transaction, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FI shares. Royal Bank Of Canada set a $237.00 target price on Fiserv in a research report on Friday, April 25th. Mizuho lowered their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday. Piper Sandler set a $218.00 target price on Fiserv in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 target price on the stock. Finally, Susquehanna decreased their price target on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $207.08.

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.