Norinchukin Bank The Buys 3,622 Shares of Fiserv, Inc. $FI

Key Points

• Norinchukin Bank increased its investment in Fiserv, Inc. by acquiring an additional 3,622 shares, raising its total holdings by 14.6% to 28,504 shares, valued at approximately $6.3 million.
• Analysts have a consensus rating of "Moderate Buy" for Fiserv, with a consensus price target of $207.08, despite some varied price target adjustments from different brokerages.
• Insider transactions showed a decline in ownership for key executives, with EVP Andrew Gelb selling 5,652 shares for over $900,000, indicating changes in insider sentiment regarding the stock.

Norinchukin Bank The raised its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,504 shares of the business services provider's stock after buying an additional 3,622 shares during the period. Norinchukin Bank The's holdings in Fiserv were worth $6,295,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vega Investment Solutions bought a new position in Fiserv during the fourth quarter valued at about $25,000. Park Square Financial Group LLC bought a new position in Fiserv during the fourth quarter valued at about $28,000. Abound Financial LLC bought a new position in Fiserv during the first quarter valued at about $38,000. Quarry LP raised its holdings in Fiserv by 51.9% during 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 in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Fiserv during the fourth quarter valued at about $54,000. 90.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president owned 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The stock was 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 in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on FI shares. Jefferies Financial Group cut their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. UBS Group cut their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Robert W. Baird cut their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. One 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 issued a Sell rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Fiserv Stock Performance

Fiserv stock traded down $0.7040 during mid-day trading on Friday, reaching $139.2960. The company had a trading volume of 6,162,525 shares, compared to its average volume of 4,914,619. 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, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59. The company has a 50 day moving average of $154.20 and a 200-day moving average of $184.35. The firm has a market cap of $75.72 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.91 and a beta of 0.91.

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, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the prior year, the firm earned $2.13 EPS. The business's revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.