Ferguson Wellman Capital Management Inc. Has $2.23 Million Holdings in Fiserv, Inc. (NYSE:FI)

Ferguson Wellman Capital Management Inc. increased its stake in Fiserv, Inc. (NYSE:FI) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,076 shares of the business services provider’s stock after buying an additional 1,126 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Fiserv were worth $2,225,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. LaFleur & Godfrey LLC raised its stake in Fiserv by 0.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider’s stock valued at $3,721,000 after acquiring an additional 75 shares during the period. Brighton Jones LLC raised its stake in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Fiserv in the 4th quarter valued at $11,330,000. Empowered Funds LLC raised its stake in Fiserv by 12.5% in the 4th quarter. Empowered Funds LLC now owns 10,492 shares of the business services provider’s stock valued at $2,155,000 after acquiring an additional 1,164 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in Fiserv by 20.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,661 shares of the business services provider’s stock valued at $1,574,000 after acquiring an additional 1,288 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Fiserv stock opened at $167.95 on Friday. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $182.17 and its two-hundred day moving average price is $204.09. The stock has a market cap of $93.12 billion, a PE ratio of 31.16, a P/E/G ratio of 1.52 and a beta of 0.90.

Fiserv (NYSE:FI) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved a share buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

FI has been the topic of a number of research analyst reports. Truist Financial initiated coverage on Fiserv in a research note on Monday, June 2nd. They issued a “buy” rating and a $181.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Barclays dropped their target price on Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Morgan Stanley reissued an “overweight” rating and set a $268.00 target price (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Finally, UBS Group dropped their target price on Fiserv from $255.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.27.

Insider Activity

In other news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated 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 now directly owns 25,385 shares of the company’s stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider now directly owns 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

About Fiserv

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.