Rep. Thomas H. Kean, Jr. Purchases Shares of Fiserv, Inc. (NYSE:FI)

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Fiserv, Inc. NYSE: FI. In a filing disclosed on May 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fiserv stock on April 24th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Franklin Resources NYSE: BEN on 4/28/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 4/10/2025.
• Sold $1,001 - $15,000 in shares of Fortive NYSE: FTV on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Canadian Pacific Kansas City NYSE: CP on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Illumina NASDAQ: ILMN on 4/1/2025.
• Purchased $1,001 - $15,000 in shares of nVent Electric NYSE: NVT on 4/1/2025.

Fiserv Stock Performance

Shares of FI stock traded up $2.61 on Monday, hitting $169.27. 5,834,819 shares of the stock traded hands, compared to its average volume of 2,997,775. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market capitalization of $93.85 billion, a PE ratio of 31.40, a PEG ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59. The company's fifty day moving average is $202.24 and its 200 day moving average is $210.41.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved a stock buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley reaffirmed an "overweight" rating and set a $268.00 target price (up previously from $267.00) on shares of Fiserv in a research note on Friday, April 25th. StockNews.com assumed coverage on Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Keefe, Bruyette & Woods decreased their price target on Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a research report on Wednesday, April 9th. Finally, Citigroup reduced their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and an average price target of $225.80.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. This trade represents a 16.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is owned by insiders.

Institutional Trading of Fiserv

Several hedge funds have recently made changes to their positions in FI. SageView Advisory Group LLC boosted its holdings in Fiserv by 4.0% in the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider's stock valued at $353,000 after purchasing an additional 62 shares during the period. Advisory Alpha LLC increased its stake in Fiserv by 12.0% in the first quarter. Advisory Alpha LLC now owns 2,180 shares of the business services provider's stock valued at $481,000 after purchasing an additional 234 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Fiserv during the first quarter worth about $97,000. SCS Capital Management LLC acquired a new position in shares of Fiserv during the first quarter worth about $958,000. Finally, Palogic Value Management L.P. boosted its holdings in Fiserv by 4.9% during the first quarter. Palogic Value Management L.P. now owns 1,948 shares of the business services provider's stock worth $430,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.