MIG Capital LLC Lowers Holdings in Fiserv, Inc. $FI

Key Points

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MIG Capital LLC lessened its position in Fiserv, Inc. (NYSE:FI - Free Report) by 43.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 205,559 shares of the business services provider's stock after selling 155,387 shares during the period. Fiserv accounts for 5.6% of MIG Capital LLC's investment portfolio, making the stock its 7th biggest position. MIG Capital LLC's holdings in Fiserv were worth $45,394,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FI. Vega Investment Solutions bought a new stake in Fiserv in the 4th quarter worth $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv during the 4th quarter valued at about $28,000. Abound Financial LLC bought a new stake in shares of Fiserv during the 1st quarter valued at about $38,000. Quarry LP boosted its stake 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 purchasing an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Fiserv during the 4th quarter valued at about $54,000. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Down 0.5%

FI stock traded down $0.7040 during trading on Friday, hitting $139.2960. 6,162,525 shares of the stock traded hands, compared to its average volume of 4,995,653. The stock has a market cap of $75.72 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The firm's 50 day moving average is $154.20 and its two-hundred day moving average is $184.97.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The business 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%. Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FI. Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Barclays set a $175.00 target price on shares of Fiserv and gave the company an "overweight" rating in a research note on Monday, July 28th. Truist Financial lifted their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley cut their target price 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 Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $207.08.

Insider Transactions at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the firm's 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 directly owned 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the firm'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 sale, 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 disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

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.