Fiserv, Inc. (NYSE:FI) Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Fiserv, Inc. by 1.1%, now owning approximately 50 million shares worth about $11 billion, representing 9.03% of the company's stock.
• Several hedge funds have also raised their positions in Fiserv during the first quarter, with institutional investors collectively owning 90.98% of the company's stock.
• Analysts have mixed ratings on the stock, with a current average price target of $207.08 and a consensus rating of "Moderate Buy."

Vanguard Group Inc. raised its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,079,534 shares of the business services provider's stock after purchasing an additional 535,407 shares during the quarter. Vanguard Group Inc. owned 9.03% of Fiserv worth $11,059,063,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Piper Sandler set a $218.00 price objective on shares of Fiserv in a report on Friday, April 25th. Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a report on Friday, April 25th. Citigroup dropped their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Insider Activity

In related news, EVP Andrew Gelb sold 5,652 shares of the firm's stock in a transaction that occurred 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 owned 25,385 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction that occurred on 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 owned 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of Fiserv stock traded up $0.40 on Friday, reaching $133.10. 3,927,627 shares of the stock were exchanged, compared to its average volume of 7,009,811. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average price of $159.99 and a two-hundred day moving average price of $190.08. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The firm has a market capitalization of $72.35 billion, a PE ratio of 22.22, a PEG ratio of 0.87 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping 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 analyst estimates of $5.20 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.