Versor Investments LP Acquires New Position in Fiserv, Inc. $FI

Versor Investments LP acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 1,881 shares of the business services provider’s stock, valued at approximately $415,000.

Other large investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC grew its stake in Fiserv by 3.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider’s stock valued at $1,743,000 after acquiring an additional 230 shares in the last quarter. American National Bank & Trust grew its stake in Fiserv by 2.4% during the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock valued at $18,956,000 after acquiring an additional 1,983 shares in the last quarter. Evercore Wealth Management LLC acquired a new position in Fiserv in the 4th quarter valued at about $54,981,000. Meridian Wealth Advisors LLC boosted its holdings in Fiserv by 4.1% in the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider’s stock valued at $5,933,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Ethic Inc. boosted its holdings in Fiserv by 15.0% in the 4th quarter. Ethic Inc. now owns 102,023 shares of the business services provider’s stock valued at $20,958,000 after purchasing an additional 13,325 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, May 19th. UBS Group decreased their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Tigress Financial boosted their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 29th. BMO Capital Markets reduced their price objective on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.08.

Insider Activity at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the 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 sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president owned 25,385 shares in the company, valued at approximately $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. Corporate insiders own 0.74% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $139.9430 on Thursday. The firm’s 50 day moving average price is $155.22 and its 200-day moving average price is $186.02. 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, Inc. has a one year low of $128.22 and a one year high of $238.59. The firm has a market cap of $76.07 billion, a P/E ratio of 23.36, a P/E/G ratio of 0.91 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping 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 firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same period in the prior year, the business posted $2.13 EPS. The business’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. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

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.