Northwest & Ethical Investments L.P. Has $40.16 Million Stock Position in Fiserv, Inc. $FI

Key Points

• Northwest & Ethical Investments L.P. decreased its holdings in Fiserv, Inc. by 10.7% during the first quarter, now owning 181,851 shares valued at approximately $40.16 million.
• Major institutional investors, including JPMorgan Chase & Co. and Vanguard Group Inc., increased their stakes in Fiserv, demonstrating ongoing interest from large players in the market.
• Fiserv announced quarterly earnings of $2.47 per share, exceeding analyst expectations, with a revenue of $5.20 billion, reflecting an 8.0% increase from the previous year.

Northwest & Ethical Investments L.P. cut its position in Fiserv, Inc. (NYSE:FI - Free Report) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,851 shares of the business services provider's stock after selling 21,807 shares during the quarter. Fiserv comprises approximately 1.1% of Northwest & Ethical Investments L.P.'s holdings, making the stock its 14th biggest position. Northwest & Ethical Investments L.P.'s holdings in Fiserv were worth $40,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vega Investment Solutions bought a new stake in Fiserv in the 4th quarter valued at $25,000. Park Square Financial Group LLC bought a new stake in Fiserv in the 4th quarter valued at $28,000. Abound Financial LLC bought a new stake in Fiserv in the 1st quarter valued at $38,000. Quarry LP raised its stake in Fiserv by 51.9% in the 4th 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 bought a new stake in Fiserv in the 4th quarter valued at $54,000. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 0.6%

Shares of FI stock traded up $0.8330 during mid-day trading on Wednesday, reaching $139.9430. 3,748,708 shares of the stock traded hands, compared to its average volume of 4,467,737. The stock's fifty day simple moving average is $155.78 and its two-hundred day simple moving average is $186.34. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The company has a market cap of $76.07 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. 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 announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating 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 firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same period last year, the firm posted $2.13 earnings per share. The business's revenue for the quarter 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, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on FI. Mizuho lowered their price objective on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective on the stock. Morgan Stanley lowered their price objective on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. UBS Group dropped their price target 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. Finally, BMO Capital Markets dropped their price target on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.08.

Insider Transactions at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% of the company's stock.

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.