Fiserv, Inc. (NYSE:FI) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB increased its holdings in Fiserv, Inc. by 15.3% in Q1, owning 134,576 shares worth approximately $29.72 million.
• Significant insider activity includes Adam L. Rosman selling 2,512 shares and Andrew Gelb selling 5,652 shares, reflecting decreases in their stock positions.
• Fiserv's stock currently has a consensus rating of "Moderate Buy" from analysts, with an average price target of $210.54.

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 15.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,576 shares of the business services provider's stock after purchasing an additional 17,851 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Fiserv were worth $29,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FI. Vega Investment Solutions purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $28,000. Abound Financial LLC purchased a new position in shares of Fiserv during the 1st quarter valued at approximately $38,000. Quarry LP increased its holdings in shares of 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 purchasing an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FI shares. Piper Sandler set a $218.00 target price on shares of Fiserv in a report on Friday, April 25th. Mizuho cut 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. Jefferies Financial Group dropped their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Robert W. Baird dropped their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Finally, Susquehanna dropped their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday, July 24th. One investment 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 given a strong buy rating to the company. According to MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Insider Activity

In related news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction that occurred on 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 owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the firm'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 transaction of $904,320.00. Following the completion of the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Down 0.4%

Shares of FI traded down $0.61 during mid-day trading on Wednesday, hitting $141.90. 1,634,243 shares of the company's stock were exchanged, compared to its average volume of 4,429,221. The company has a market cap of $77.13 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 0.91 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock's 50-day moving average is $163.97 and its 200-day moving average is $194.02.

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 (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 earnings per share. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share 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.