XTX Topco Ltd Buys 3,120 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• XTX Topco Ltd increased its stake in Fiserv, Inc. by 12.8% during the first quarter, bringing its total ownership to $6.09 million.
• Analysts have recently decreased their target prices for Fiserv, with UBS Group lowering it from $225.00 to $170.00 while maintaining a "buy" rating.
• Fiserv's most recent earnings report showed a net margin of 16.00% and a year-over-year revenue increase of 8%, highlighting strong financial performance.

XTX Topco Ltd lifted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,571 shares of the business services provider's stock after acquiring an additional 3,120 shares during the period. Fiserv comprises approximately 0.3% of XTX Topco Ltd's holdings, making the stock its 23rd largest holding. XTX Topco Ltd's holdings in Fiserv were worth $6,089,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FI. Kestra Private Wealth Services LLC grew its holdings in shares of Fiserv by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock valued at $1,743,000 after purchasing an additional 230 shares during the last quarter. American National Bank & Trust grew its stake in Fiserv by 2.4% during the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after buying an additional 1,983 shares during the last quarter. Evercore Wealth Management LLC bought a new stake in Fiserv in the fourth quarter valued at $54,981,000. Meridian Wealth Advisors LLC boosted its holdings in shares of Fiserv by 4.1% during the first quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock valued at $5,933,000 after acquiring an additional 1,046 shares during the period. Finally, Beck Mack & Oliver LLC grew its position in shares of Fiserv by 0.5% during the fourth quarter. Beck Mack & Oliver LLC now owns 513,402 shares of the business services provider's stock worth $105,463,000 after acquiring an additional 2,589 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider directly owned 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Fiserv Price Performance

NYSE FI traded down $3.60 during trading hours on Friday, reaching $135.34. 5,449,415 shares of the company's stock were exchanged, compared to its average volume of 4,470,497. The firm has a fifty day moving average of $163.09 and a 200-day moving average of $193.22. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The stock has a market cap of $73.57 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.92 and a beta of 0.91. 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 announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on FI. Susquehanna cut their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. Keefe, Bruyette & Woods decreased their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Mizuho lowered their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday. Piper Sandler set a $218.00 price target on Fiserv in a research report on Friday, April 25th. Finally, Barclays set a $175.00 price target on Fiserv and gave the company an "overweight" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $207.08.

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.