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Fiserv Holdings Reduced by Investment Firms

Published 2 weeks ago3 minute read
Fiserv Holdings Reduced by Investment Firms

Recent SEC filings and analyst reports provide a detailed snapshot of Fiserv, Inc. (NYSE:FI), a major player in the payments and financial services technology sector. Several investment firms adjusted their positions in Fiserv during the fourth quarter. Brown Advisory Inc. decreased its holdings by 11.0%, selling 113,538 shares, while Baldwin Investment Management LLC reduced its stake by 33.5%, selling 7,145 shares. Conversely, Norges Bank, Raymond James Financial Inc., Kovitz Investment Group Partners LLC, Alliancebernstein L.P., and FMR LLC significantly increased their positions, demonstrating a mix of investor sentiment.

Institutional investors currently hold approximately 90.98% of Fiserv's stock. Insider activity includes COO Guy Chiarello selling 45,000 shares on February 20th at an average price of $235.55, totaling $10,599,750.00. This sale reduced his direct ownership by 16.50%, leaving him with 227,711 shares valued at $53,637,326.05. Insiders hold 0.75% of the company's stock.

Fiserv's stock performance shows that it opened at $184.38 on a Friday. The company has a market capitalization of $102.99 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 1.52, and a beta of 0.91. The debt-to-equity ratio is 0.86, with a quick ratio of 1.07 and a current ratio of 1.06. The 50-day moving average is $211.04, and the 200-day moving average is $211.62. Fiserv has a 52-week low of $146.25 and a 52-week high of $238.59.

The company's latest quarterly earnings data, released on April 24th, revealed earnings per share (EPS) of $2.14, surpassing the consensus estimate of $2.08 by $0.06. Fiserv reported a net margin of 15.31% and a return on equity of 17.93%. Revenue for the quarter was $4.79 billion, slightly below the analysts' expectation of $4.86 billion. However, this represented a 5.1% increase in quarterly revenue year-over-year. Analysts forecast an EPS of $10.23 for the current year.

Fiserv's Board of Directors authorized a stock repurchase program on February 20th, allowing the company to repurchase up to 60,000,000 shares. Such programs typically indicate the board's belief that the company's stock is undervalued.

Wall Street analysts have weighed in on Fiserv with varied ratings and price targets. UBS Group decreased their price objective from $265.00 to $255.00, maintaining a "buy" rating. BMO Capital Markets lowered their price target from $254.00 to $232.00 but kept an "outperform" rating. Keefe, Bruyette & Woods reduced their price objective from $260.00 to $240.00, also with an "outperform" rating. The Goldman Sachs Group upgraded Fiserv from "neutral" to "buy," raising their target price from $246.00 to $260.00. KeyCorp increased their price target from $250.00 to $270.00, assigning an "overweight" rating. Barclays lowered their price objective from $265.00 to $230.00, maintaining an "overweight" rating. Wells Fargo & Company raised their price objective from $240.00 to $270.00, also with an "overweight" rating. Stephens boosted their target price from $255.00 to $270.00, giving the company an "overweight" rating. StockNews.com initiated coverage with a "buy" rating. Fiserv currently holds a consensus rating of "Moderate Buy" and an average price target of $230.00, according to MarketBeat.

Fiserv, Inc. provides payments and financial services technology across various regions, including the United States, Europe, the Middle East, Africa, Latin America, and the Asia-Pacific. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.

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