MetLife Investment Management LLC Decreases Stake in Fiserv, Inc. $FI

Key Points

• MetLife Investment Management LLC reduced its stake in Fiserv, Inc. by 1.8% in the 1st quarter, now owning 155,561 shares valued at approximately $34.35 million.
• Insider Adam L. Rosman sold 2,512 shares at an average price of $160.68, resulting in a 4.49% decrease in their position.
• Fiserv’s stock price recently opened at $139.30, with a market capitalization of $75.72 billion, reflecting a P/E ratio of 23.25.

MetLife Investment Management LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,561 shares of the business services provider's stock after selling 2,916 shares during the quarter. MetLife Investment Management LLC's holdings in Fiserv were worth $34,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its stake in Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after acquiring an additional 44 shares in the last quarter. Rappaport Reiches Capital Management LLC lifted its position in shares of Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after purchasing an additional 48 shares during the period. Adero Partners LLC lifted its position in shares of Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after purchasing an additional 55 shares during the period. E Fund Management Co. Ltd. lifted its position in shares of Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock worth $323,000 after purchasing an additional 55 shares during the period. Finally, Oakworth Capital Inc. lifted its position in shares of Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after purchasing an additional 56 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of NYSE:FI traded up $0.51 during midday trading on Friday, reaching $138.16. The company's stock had a trading volume of 1,694,146 shares, compared to its average volume of 4,433,979. The firm has a market capitalization of $75.10 billion, a PE ratio of 23.05, a P/E/G ratio of 0.90 and a beta of 0.91. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The stock has a fifty day moving average of $152.21 and a 200 day moving average of $182.43. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

FI has been the subject of several research reports. Morgan Stanley lowered their price target on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Tigress Financial increased their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Finally, Stephens decreased their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Company 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.