Vanguard Group Inc. Boosts Holdings in Fiserv, Inc. (NYSE:FI)

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. increased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vega Investment Solutions bought a new position in Fiserv during the 4th quarter valued at about $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $28,000. Abound Financial LLC bought a new position in Fiserv during the first quarter valued at approximately $38,000. Quarry LP boosted its holdings in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Fiserv in the fourth quarter worth approximately $54,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FI shares. UBS Group decreased their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Mizuho reduced their price objective on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, July 29th. Stephens lowered their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Barclays set a $175.00 price target on Fiserv and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Piper Sandler set a $218.00 price objective on shares of Fiserv in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.08.

Insider Buying and Selling

In other news, insider Adam L. Rosman sold 2,512 shares of the 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 completion of the transaction, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction 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 disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Fiserv Price Performance

Shares of FI stock traded up $0.40 during mid-day trading on Friday, hitting $133.10. The company had a trading volume of 3,927,627 shares, compared to its average volume of 7,009,811. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The stock's 50 day moving average price is $160.58 and its 200-day moving average price is $190.74. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The company has a market capitalization of $72.35 billion, a P/E ratio of 22.22, a P/E/G ratio of 0.86 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.