Goldman Sachs Group Inc. Purchases 190,527 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• Goldman Sachs Group Inc. increased its stake in Fiserv, Inc. by 4.2%, acquiring an additional 190,527 shares for a total of approximately $1.05 billion.
• Institutional investors control 90.98% of Fiserv's stock, indicating strong institutional interest in the company.
• Fiserv reported earnings of $2.47 per share for the last quarter, exceeding analyst expectations, with an 8% year-over-year revenue growth to $5.20 billion.

Goldman Sachs Group Inc. grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,778,795 shares of the business services provider's stock after purchasing an additional 190,527 shares during the period. Goldman Sachs Group Inc. owned about 0.86% of Fiserv worth $1,055,301,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vega Investment Solutions acquired a new stake in Fiserv in the 4th quarter worth approximately $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv in the 4th quarter worth approximately $28,000. Abound Financial LLC acquired a new stake in Fiserv in the 1st quarter worth approximately $38,000. Quarry LP lifted its holdings in Fiserv by 51.9% in the 4th 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 acquired a new stake in Fiserv in the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value of $403,628.16. Following the completion of 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 25th. Royal Bank Of Canada set a $237.00 price target on Fiserv in a report on Friday, April 25th. Keefe, Bruyette & Woods cut their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. The Goldman Sachs Group cut their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Finally, BMO Capital Markets cut their price target on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and an average price target of $207.08.

Fiserv Price Performance

Shares of FI stock traded up $0.40 during trading hours on Friday, hitting $133.10. 3,927,627 shares of the company's stock were exchanged, compared to its average volume of 7,009,811. The stock's 50-day moving average is $159.99 and its 200-day moving average is $190.08. 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 has a market cap of $72.35 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 earnings per share. As a group, research analysts forecast that Fiserv, Inc. will post 10.23 EPS 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.