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Natixis Advisors LLC Raises Stake in Fiserv, Inc. (NYSE:FI)

Fiserv logo with Business Services background

Key Points

  • Natixis Advisors LLC increased its stake in Fiserv, Inc. by 24.5% during the first quarter, owning approximately 551,582 shares worth $121.8 million.
  • Multiple other institutional investors also expanded their holdings, with GAMMA Investing LLC raising its stake by an extraordinary 21,681% to own over 3.8 million shares valued at $843.99 million.
  • Fiserv's share price is currently $142.24, with a twelve-month low of $128.22 and a high of $238.59, following a recent earnings report that exceeded analyst expectations.
  • Five stocks to consider instead of Fiserv.

Natixis Advisors LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 551,582 shares of the business services provider's stock after purchasing an additional 108,458 shares during the quarter. Natixis Advisors LLC owned 0.10% of Fiserv worth $121,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FI. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after purchasing an additional 2,033 shares during the last quarter. RWA Wealth Partners LLC raised its holdings in shares of Fiserv by 13.7% in the fourth quarter. RWA Wealth Partners LLC now owns 3,251 shares of the business services provider's stock valued at $668,000 after acquiring an additional 391 shares in the last quarter. FSB Premier Wealth Management Inc. raised its holdings in shares of Fiserv by 19.9% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 1,349 shares of the business services provider's stock valued at $277,000 after acquiring an additional 224 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Fiserv by 635.5% in the fourth quarter. Meeder Asset Management Inc. now owns 1,346 shares of the business services provider's stock valued at $276,000 after acquiring an additional 1,163 shares in the last quarter. Finally, Summit Financial LLC raised its holdings in shares of Fiserv by 30.7% in the fourth quarter. Summit Financial LLC now owns 5,520 shares of the business services provider's stock valued at $1,134,000 after acquiring an additional 1,295 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. BMO Capital Markets decreased their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Barclays set a $175.00 price objective on Fiserv and gave the company an "overweight" rating in a report on Monday. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Finally, Stephens decreased their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.08.

View Our Latest Analysis on FI

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the company'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 in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the sale, the executive vice president owned 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Fiserv Stock Down 1.7%

Shares of FI stock traded down $2.38 during trading hours on Friday, reaching $136.56. 555,815 shares of the company's stock were exchanged, compared to its average volume of 4,433,736. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The stock has a market cap of $74.23 billion, a PE ratio of 22.74, a PEG ratio of 0.92 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock's fifty day moving average price is $163.09 and its two-hundred day moving average price is $193.22.

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

Fiserv Company 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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