Fiserv Inc. (NYSE:FI) Stock Positions Change

Several institutional investors and hedge funds have recently adjusted their positions in Fiserv, Inc. (NYSE:FI). Pathstone Holdings LLC increased its stake by 2.8% in the fourth quarter, while Quantinno Capital Management LP boosted its holdings by 24.3% during the same period. Other firms, including Valley National Advisers Inc., Marshall Investment Management LLC, Compass Financial Services Inc, and Campbell Capital Management Inc., established new positions in Fiserv during the fourth quarter. Quarry LP increased its holdings by 51.9%. Conversely, Nissay Asset Management Corp Japan ADV reduced its stake by 2.1% during the same period, and Port Capital LLC cut its stake by 3.6%. Overall, institutional investors and hedge funds own approximately 90.98% of Fiserv's stock.
Fiserv's COO, Guy Chiarello, sold 45,000 shares on Thursday, February 20th, at an average price of $235.55, totaling $10,599,750.00. Following the sale, Chiarello directly owns 227,711 shares, valued at $53,637,326.05. This sale represented a 16.50% decrease in their ownership. Insiders collectively own 0.74% of the company's stock.
Several analysts have weighed in on Fiserv's stock. StockNews.com initiated coverage with a "buy" rating. Susquehanna reduced their price target from $250.00 to $240.00, maintaining a "positive" rating. Piper Sandler set a price target of $218.00. Redburn Atlantic reiterated a "sell" rating with a $150.00 price target. Stephens increased their price target from $255.00 to $270.00, giving the stock an "overweight" rating. Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $230.00, according to MarketBeat.com.
Fiserv's stock opened at $189.76 on Thursday. The company has a market capitalization of $105.21 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 1.52, and a beta of 0.97. The company's 50-day simple moving average is $204.31, and its 200-day simple moving average is $210.78. Fiserv has a 52-week low of $146.25 and a 52-week high of $238.59. The company's quick ratio is 1.07, its current ratio is 1.06, and its debt-to-equity ratio is 0.86.
Fiserv reported its latest quarterly earnings on Thursday, April 24th, announcing $2.14 earnings per share (EPS), exceeding analysts' estimates of $2.08 by $0.06. The company reported revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv has a net margin of 15.31% and a return on equity of 17.93%. The company's revenue increased by 5.1% year-over-year. Analysts predict that Fiserv will post $10.23 earnings per share for the current fiscal year.
Fiserv's board of directors has authorized a stock repurchase program to buy back 60,000,000 shares. This indicates that the company believes its shares are undervalued.
Fiserv, Inc. 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.