Fiserv, Inc. (NYSE:FI) Stock Holdings Boosted by Trajan Wealth LLC

Key Points

• Trajan Wealth LLC increased its holdings in Fiserv by 2.9% in the first quarter, now owning 165,243 shares valued at approximately $36.49 million.
• Institutional investors control around 90.98% of Fiserv's stock, with significant investment increases from firms like Nuveen LLC and JPMorgan Chase & Co..
• Fiserv reported $2.47 EPS in its latest quarterly earnings, surpassing analysts' estimates and demonstrating an 8.0% year-over-year revenue growth.

Trajan Wealth LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 165,243 shares of the business services provider's stock after acquiring an additional 4,596 shares during the period. Fiserv accounts for 2.0% of Trajan Wealth LLC's portfolio, making the stock its 12th biggest holding. Trajan Wealth LLC's holdings in Fiserv were worth $36,491,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new position in Fiserv in the 1st quarter valued at about $1,722,584,000. JPMorgan Chase & Co. grew its position in Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after buying an additional 6,691,703 shares in the last quarter. GAMMA Investing LLC grew its position in Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after buying an additional 3,804,358 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in Fiserv by 343.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock valued at $576,527,000 after buying an additional 2,174,025 shares in the last quarter. Finally, Northern Trust Corp grew its position in Fiserv by 19.5% in the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock valued at $1,274,984,000 after buying an additional 1,014,126 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of FI opened at $132.31 on Tuesday. The company's 50 day moving average price is $159.40 and its 200 day moving average price is $189.43. 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 $71.92 billion, a PE ratio of 22.09, a PEG ratio of 0.87 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

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

Wall Street Analyst Weigh In

FI has been the subject of several research reports. Jefferies Financial Group reduced their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Truist Financial lifted their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. Finally, Morgan Stanley lowered their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research note 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $207.08.

Insider Buying and Selling

In related news, EVP Andrew Gelb sold 5,652 shares of the business'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 transaction, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred on 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 directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.75% of the company's stock.

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.

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