GHP Investment Advisors Inc. Increases Stake in Fiserv, Inc. (NYSE:FI)

On October 28, 2024, GHP Investment Advisors Inc. announced that it has significantly increased its holdings in Fiserv, Inc. (NYSE:FI) by 58.8% during the third quarter. As reported by HoldingsChannel.com, the firm now owns 934 shares of the business services provider after acquiring an additional 346 shares during this period. The total value of GHP Investment Advisors Inc.'s stake in Fiserv is estimated at $168,000, based on their latest SEC filing.

Recently, several other institutional investors have also modified their positions in Fiserv. Wellington Management Group LLP initiated a new investment in Fiserv during the fourth quarter, valued at $3,292,000. Wealthcare Advisory Partners LLC entered a new position in the first quarter, worth around $254,000. Furthermore, Hennion & Walsh Asset Management Inc. boosted its holdings in Fiserv by 57.5% in the same quarter, owning 3,002 shares valued at $480,000 after acquiring 1,096 shares. BKM Wealth Management LLC also raised its stake by an impressive 150.4%, now holding 839 shares valued at $134,000 due to the purchase of an additional 504 shares. Miracle Mile Advisors LLC increased its position by 3.6% in the first quarter, owning 7,553 shares worth approximately $1,207,000 after purchasing an extra 263 shares. Overall, institutions and hedge funds currently control 90.98% of Fiserv’s stock.

Recent Insider Activity

In related news regarding insider transactions at Fiserv, CEO Frank Bisignano sold 145,000 shares on September 20th, fetching an average price of $177.37. This sale amounted to about $25,718,650, and after this transaction, the CEO still holds 2,965,084 shares of the company's stock, valued at approximately $525,916,949. This reduction represents a negligible change in ownership percentage. Moreover, Director Doyle Simons sold 40,000 shares on October 23rd at an average price of $201.97, totaling $8,078,800. Following this sale, the director's ownership stands at 76,180 shares, valued at around $15,386,074.60. In the last three months, insiders have sold 227,890 shares of the company, valued at $40,934,217, comprising 0.75% of the corporate equity.

Analysts’ Perspectives on Fiserv

In the realm of equities research, several analysts have recently updated their ratings for Fiserv. William Blair upgraded the stock to a "strong-buy" on July 24th. On October 18th, Susquehanna raised its target price on Fiserv from $190.00 to $230.00, providing a “positive” rating. Royal Bank of Canada also increased its price target from $183.00 to $224.00, rating the stock as “outperform” on October 23rd. KeyCorp raised its price target from $180.00 to $225.00, providing an “overweight” rating on the same day. BMO Capital Markets adjusted its target price for Fiserv from $175.00 to $191.00, giving it an “outperform” rating on October 2nd. Currently, analysts have assigned four hold ratings, twenty-one buy ratings, and two strong buy ratings to the stock. The consensus rating for Fiserv stands at “Moderate Buy,” with an average target price of $204.38, according to MarketBeat.

Current Stock Performance

As of the latest market opening on Monday, FI stock was priced at $199.52. The firm has a 50-day moving average of $180.68 and a 200-day moving average of $162.78. Fiserv boasts a substantial market capitalization of $114.87 billion, with a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 1.53, and a beta of 0.93. Fiserv's stock has traded within a 52-week range, with a low of $111.53 and a high of $204.50. Key financial ratios show a current ratio of 1.07, a quick ratio of 1.06, and a debt-to-equity ratio of 0.85.

On October 22nd, Fiserv last reported its earnings, revealing $2.30 EPS for the quarter, surpassing the consensus estimate of $2.26 by $0.04. The company reported revenues of $5.22 billion, exceeding analysts' expectations of $4.90 billion. Compared to the previous year’s quarter, Fiserv's quarterly revenue increased by 7%, and during the same period last year, the company reported earnings of $1.96 per share. Analysts project that Fiserv, Inc. will report earnings per share of 8.77 for the current fiscal year.

Overview of Fiserv, Inc.

Fiserv, Inc. is a leading technology provider of financial services and payment solutions across various regions, including the United States, Europe, the Middle East, Africa, Latin America, and Asia-Pacific. The company operates through several segments, including Merchant Acceptance, Financial Technology, and Payments and Network.

Investment, Stocks, Holdings