Dimensional Fund Advisors LP Sells 335,179 Shares of Fiserv, Inc. $FI

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Fiserv, Inc. by 12.2%, now owning approximately 2.42 million shares valued at $534.3 million.
• Analysts have adjusted their price targets for Fiserv, with BMO Capital Markets lowering it to $232.00, while the stock holds a consensus rating of "Moderate Buy".
• Insiders, including EVP Andrew Gelb, have recently sold shares, indicating a decrease in their ownership stakes amid ongoing fluctuations in Fiserv's stock performance.

Dimensional Fund Advisors LP trimmed its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,420,038 shares of the business services provider's stock after selling 335,179 shares during the quarter. Dimensional Fund Advisors LP owned 0.44% of Fiserv worth $534,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vega Investment Solutions acquired a new stake in Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new position in Fiserv in the fourth quarter worth approximately $28,000. Abound Financial LLC bought a new position in shares of Fiserv in the first quarter valued at $38,000. Quarry LP lifted its position in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Fiserv during the 4th quarter worth $54,000. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Fiserv stock traded up $0.8330 during trading hours on Wednesday, reaching $139.9430. 3,748,708 shares of the company were exchanged, compared to its average volume of 6,724,015. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The stock has a 50-day moving average of $155.22 and a 200 day moving average of $186.02. 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 firm has a market cap of $76.07 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 0.91 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share 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 analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FI shares. Truist Financial lifted their target price on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Stephens cut their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. 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 report on Friday, July 25th. Finally, BMO Capital Markets cut their price target on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. One 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $207.08.

Insiders Place Their Bets

In other news, insider Adam L. Rosman sold 2,512 shares of the company'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 completion of the transaction, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $904,320.00. Following the completion of the sale, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 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.