Fiserv, Inc. (NYSE:FI) Stock Holdings Increased by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its holdings in Fiserv, Inc. by 27.2%, acquiring an additional 14,638 shares during the first quarter, bringing its total holdings to 68,511 shares worth approximately $15.13 million.
• Several hedge funds and institutional investors have also increased their stakes in Fiserv, with Citigroup Inc. boosting its holdings by 72.2% to nearly 1.4 million shares valued at $307.68 million.
• Fiserv's stock has seen a decrease of 1.1% recently, with the price hovering around $132.54, and an average target price set at $207.08 by analysts, reflecting a general consensus of a "Moderate Buy."

Townsquare Capital LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 27.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,511 shares of the business services provider's stock after buying an additional 14,638 shares during the period. Townsquare Capital LLC's holdings in Fiserv were worth $15,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FI. Founders Financial Alliance LLC acquired a new stake in shares of Fiserv in the first quarter valued at approximately $258,000. Forsta AP Fonden boosted its position in Fiserv by 4.6% during the first quarter. Forsta AP Fonden now owns 145,900 shares of the business services provider's stock worth $32,219,000 after acquiring an additional 6,400 shares during the last quarter. Savvy Advisors Inc. boosted its position in Fiserv by 100.3% during the first quarter. Savvy Advisors Inc. now owns 2,919 shares of the business services provider's stock worth $645,000 after acquiring an additional 1,462 shares during the last quarter. Citigroup Inc. boosted its position in Fiserv by 72.2% during the first quarter. Citigroup Inc. now owns 1,393,268 shares of the business services provider's stock worth $307,675,000 after acquiring an additional 583,949 shares during the last quarter. Finally, LaSalle St. Investment Advisors LLC boosted its position in Fiserv by 5.1% during the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider's stock worth $281,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Transactions at Fiserv

In other Fiserv news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated 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 directly owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction dated 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 trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FI has been the topic of a number of analyst reports. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Jefferies Financial Group decreased their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Truist Financial raised their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. cut their price target 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. Finally, The Goldman Sachs Group cut their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Fiserv Stock Performance

NYSE:FI traded up $0.40 during mid-day trading on Friday, hitting $133.10. The stock had a trading volume of 3,927,627 shares, compared to its average volume of 7,009,811. The stock has a market capitalization of $72.35 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 0.87 and a beta of 0.91. The company has a 50 day simple moving average of $159.99 and a 200-day simple moving average of $190.08. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate 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%. Fiserv's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $2.13 EPS. On average, research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.