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National Pension Service Purchases 16,741 Shares of Fiserv, Inc. (NYSE:FI)

Fiserv logo with Business Services background

Key Points

  • The National Pension Service increased its stake in Fiserv, Inc. by 1.6%, acquiring an additional 16,741 shares, bringing its total ownership to approximately 1,052,729 shares valued at $232,474,000.
  • Several research analysts have adjusted their price targets for Fiserv, with Goldman Sachs lowering its target from $223 to $194, still maintaining a "buy" rating, while UBS reduced theirs from $225 to $170.
  • Fiserv reported quarterly earnings of $2.47 per share, exceeding estimates, with a net margin of 16.00% and year-over-year revenue growth of 8.0%.
  • Looking to export and analyze Fiserv data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

National Pension Service raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,052,729 shares of the business services provider's stock after acquiring an additional 16,741 shares during the period. National Pension Service owned about 0.19% of Fiserv worth $232,474,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FI. Vega Investment Solutions bought a new stake in Fiserv in the fourth quarter valued at $25,000. Park Square Financial Group LLC bought a new stake in Fiserv in the fourth quarter valued at $28,000. Abound Financial LLC bought a new stake in Fiserv in the first quarter valued at $38,000. Quarry LP grew 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 acquiring an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Fiserv in the 4th quarter worth approximately $54,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 0.2%

Shares of FI stock traded up $0.22 during trading hours on Thursday, reaching $134.51. The company had a trading volume of 4,158,267 shares, compared to its average volume of 6,827,426. The company has a 50 day moving average of $157.58 and a 200 day moving average of $188.12. 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 firm has a market cap of $73.12 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 0.87 and a beta of 0.91. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $5.20 billion for 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%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.13 EPS. On average, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction on 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 $4,061,600. This represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FI. Jefferies Financial Group reduced their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Tigress Financial boosted their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. UBS Group reduced their target price on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Royal Bank Of Canada set a $237.00 target price on Fiserv in a report on Friday, April 25th. Finally, KeyCorp reduced their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Get Our Latest Analysis on FI

Fiserv Profile

(Free Report)

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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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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