Banco BTG Pactual S.A. Cuts Stake in Fiserv, Inc. $FI

Banco BTG Pactual S.A. cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 60.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,192 shares of the business services provider’s stock after selling 1,800 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Fiserv were worth $263,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Aspire Growth Partners LLC increased its stake in Fiserv by 3.8% during the 1st quarter. Aspire Growth Partners LLC now owns 5,392 shares of the business services provider’s stock valued at $1,191,000 after purchasing an additional 195 shares in the last quarter. GDS Wealth Management increased its position in shares of Fiserv by 3.0% during the first quarter. GDS Wealth Management now owns 78,149 shares of the business services provider’s stock valued at $17,258,000 after acquiring an additional 2,248 shares in the last quarter. Capital Analysts LLC raised its holdings in Fiserv by 3.4% in the 1st quarter. Capital Analysts LLC now owns 23,788 shares of the business services provider’s stock worth $5,253,000 after acquiring an additional 788 shares during the last quarter. Bowen Hanes & Co. Inc. purchased a new position in Fiserv in the 1st quarter worth approximately $36,547,000. Finally, JT Stratford LLC bought a new position in Fiserv in the 1st quarter valued at approximately $216,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction 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 owned 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the company’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 completion of the sale, the executive vice president owned 25,385 shares of the company’s stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

Fiserv Trading Up 0.6%

Shares of NYSE:FI opened at $139.9430 on Thursday. The stock’s 50-day simple moving average is $155.22 and its two-hundred day simple moving average is $186.02. The stock has a market capitalization of $76.07 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 0.91 and a beta of 0.91. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on FI shares. Citigroup reduced their target price on Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a report on Friday, April 25th. Mizuho reduced their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Robert W. Baird dropped their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Finally, Morgan Stanley reduced their price target on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.08.

Fiserv 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.