Price T Rowe Associates Inc. MD Has $6.93 Billion Holdings in Fiserv, Inc. $FI

Key Points

• Price T Rowe Associates Inc. MD has reduced its stake in Fiserv, Inc. by 7.7%, selling 2,627,132 shares, and now owns approximately 31.39 million shares, valued at about $6.93 billion.
• Several other hedge funds have modified their positions in Fiserv, with Nuveen LLC purchasing a new stake worth $1.72 billion and JPMorgan Chase & Co. increasing its holding by 77.2% to a total of 15.35 million shares.
• Fiserv reported earnings of $2.47 per share, beating analyst expectations, with revenue reaching $5.20 billion, reflecting an 8% growth year-over-year.

Price T Rowe Associates Inc. MD lowered its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,390,825 shares of the business services provider's stock after selling 2,627,132 shares during the quarter. Fiserv makes up approximately 0.9% of Price T Rowe Associates Inc. MD's holdings, making the stock its 15th biggest holding. Price T Rowe Associates Inc. MD owned approximately 5.66% of Fiserv worth $6,932,037,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after acquiring an additional 2,033 shares in the last quarter. First Trust Advisors LP increased its position in Fiserv by 100.2% in the 4th quarter. First Trust Advisors LP now owns 234,392 shares of the business services provider's stock valued at $48,149,000 after acquiring an additional 117,302 shares in the last quarter. Stifel Financial Corp increased its position in Fiserv by 0.7% in the 4th quarter. Stifel Financial Corp now owns 281,444 shares of the business services provider's stock valued at $57,814,000 after acquiring an additional 1,975 shares in the last quarter. Pinebridge Investments L.P. increased its position in Fiserv by 1,231.1% in the 4th quarter. Pinebridge Investments L.P. now owns 87,536 shares of the business services provider's stock valued at $17,982,000 after acquiring an additional 80,960 shares in the last quarter. Finally, MGO One Seven LLC increased its position in Fiserv by 10.1% in the 4th quarter. MGO One Seven LLC now owns 15,721 shares of the business services provider's stock valued at $3,229,000 after acquiring an additional 1,436 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Down 0.5%

Fiserv stock traded down $0.7040 during midday trading on Friday, hitting $139.2960. 6,162,525 shares of the stock were exchanged, compared to its average volume of 4,995,653. The company has a fifty day simple moving average of $154.20 and a two-hundred day simple moving average of $184.67. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59. The stock has a market capitalization of $75.72 billion, a PE ratio of 23.25, a P/E/G ratio of 0.91 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 released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same quarter last year, the firm earned $2.13 EPS. Fiserv's quarterly revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Jefferies Financial Group lowered their price objective 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. Morgan Stanley reduced 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. Truist Financial raised 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. Keefe, Bruyette & Woods reduced their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. reduced 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.08.

Insider Activity at Fiserv

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

Fiserv 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.