Fiserv, Inc. $FI Shares Bought by GDS Wealth Management

GDS Wealth Management raised its holdings in Fiserv, Inc. (NYSE:FI) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,149 shares of the business services provider’s stock after acquiring an additional 2,248 shares during the period. Fiserv makes up approximately 1.5% of GDS Wealth Management’s investment portfolio, making the stock its 24th largest position. GDS Wealth Management’s holdings in Fiserv were worth $17,258,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FI. Vanguard Group Inc. increased its holdings in shares of Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after buying an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock worth $1,829,451,000 after buying an additional 253,544 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Fiserv during the 1st quarter worth approximately $1,722,584,000. Finally, Nuveen Asset Management LLC increased its holdings in shares of Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider’s stock worth $1,424,907,000 after buying an additional 340,938 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares of the company’s stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.4%

Shares of NYSE FI opened at $138.9330 on Wednesday. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The company has a market capitalization of $75.52 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s 50-day moving average is $155.78 and its two-hundred day moving average is $186.34.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FI. Royal Bank Of Canada set a $237.00 price objective on shares of Fiserv in a research report on Friday, April 25th. Tigress Financial increased their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Robert W. Baird lowered their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Piper Sandler set a $218.00 price objective on shares of Fiserv in a research report on Friday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.