Senator Investment Group LP Sells 75,000 Shares of Fiserv, Inc. $FI

Key Points

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Senator Investment Group LP cut its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 30.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,000 shares of the business services provider's stock after selling 75,000 shares during the quarter. Fiserv accounts for approximately 2.1% of Senator Investment Group LP's holdings, making the stock its 22nd biggest holding. Senator Investment Group LP's holdings in Fiserv were worth $38,645,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FI. Vega Investment Solutions bought a new stake in Fiserv during the 4th quarter valued at $25,000. Park Square Financial Group LLC bought a new stake in Fiserv during the 4th quarter valued at $28,000. Abound Financial LLC bought a new stake in Fiserv during the 1st quarter valued at $38,000. Quarry LP raised its holdings in Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Fiserv during the 4th quarter valued at $54,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.5%

Fiserv stock traded down $0.7040 during mid-day trading on Friday, reaching $139.2960. 6,162,525 shares of the company traded hands, compared to its average volume of 4,995,653. 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's 50 day moving average price is $154.20 and its 200 day moving average price is $184.97. The firm has a market capitalization of $75.72 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 0.91 and a beta of 0.91. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its 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. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were 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 in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FI. Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price target for the company. Keefe, Bruyette & Woods lowered their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. BMO Capital Markets lowered their price target on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Mizuho lowered their price target on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Finally, Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.08.

About Fiserv

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.