Jefferies Financial Group Inc. Buys Shares of 3,752 Fiserv, Inc. (NYSE:FI)

Key Points

• Jefferies Financial Group Inc. has initiated a new investment in Fiserv, acquiring 3,752 shares valued at approximately $829,000.
• Fiserv recently reported earnings of $2.47 per share for the quarter, surpassing analysts' expectations, with revenues of $5.20 billion.
• Currently, approximately 90.98% of Fiserv's stock is held by institutional investors, reflecting strong institutional interest in the company.

Jefferies Financial Group Inc. bought a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,752 shares of the business services provider's stock, valued at approximately $829,000.

A number of other large investors have also added to or reduced their stakes in the company. Vega Investment Solutions purchased a new stake in Fiserv in the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv in the fourth quarter valued at approximately $28,000. Abound Financial LLC purchased a new stake in Fiserv in the first quarter valued at approximately $38,000. Quarry LP boosted its position in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $54,000. 90.98% of the stock is currently owned by institutional investors.

Insider Transactions at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was 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. The trade was a 18.21% decrease in their ownership of the stock. The sale 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 business'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 value of $403,628.16. Following the sale, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Fiserv Trading Up 0.3%

Shares of NYSE FI traded up $0.40 during trading on Friday, hitting $133.10. 3,926,786 shares of the company were exchanged, compared to its average volume of 4,497,014. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day moving average price of $160.58 and a 200-day moving average price of $190.74. The firm has a market capitalization of $72.35 billion, a PE ratio of 22.22, a P/E/G ratio of 0.87 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, beating the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 EPS. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on FI. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective on the stock. Piper Sandler set a $218.00 price objective on Fiserv in a research report on Friday, April 25th. Truist Financial upped their price objective on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Morgan Stanley reduced their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Finally, Redburn Atlantic reaffirmed a "sell" rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. One 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $207.08.

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.