On September 14, 2023, it was reported that ProShare Advisors LLC had increased its stake in Fiserv, Inc. (NYSE:FI) by 19.0% during the first quarter of the year. This information was obtained from the company’s most recent 13F filing with the Securities and Exchange Commission. As a result of this transaction, ProShare Advisors LLC now owns a total of 663,540 shares of Fiserv’s stock, representing an additional 106,001 shares purchased during the period.
At the end of the most recent quarter, ProShare Advisors LLC’s stake in Fiserv had an estimated value of $75,000,000. Although this stake accounts for only about 0.11% of Fiserv’s overall worth, it is still a significant investment for ProShare Advisors LLC.
Fiserv is a business services provider listed on the New York Stock Exchange (NYSE) under the ticker symbol FI. On Thursday, September 14th, its shares opened at $121.30. The company currently has a market capitalization of $73.95 billion.
With a price-to-earnings ratio of 30.55 and a PEG ratio of 1.27, Fiserv’s stock valuation appears to be moderately priced in comparison to its earnings and growth potential. The company also has a beta value of 0.88, indicating a lower level of volatility compared to the overall market.
Over the past year, Fiserv’s stock has experienced fluctuations between its annual low point of $91.55 and its annual high point of $130.74. Currently trading above its 50-day moving average price of $124.45, it suggests that shareholders have been trading Fiserv’s stock at relatively higher prices compared to recent trends.
The company also boasts a 200-day moving average price calculated at $119.32. This indicates that Fiserv’s stock has shown consistent positive performance over a longer period, providing a potentially favorable outlook for long-term investors.
When analyzing its financial health, it is worth noting that Fiserv has a current ratio and quick ratio of 1.10. These metrics suggest that the company possesses sufficient short-term liquidity to meet its immediate obligations.
Additionally, Fiserv maintains a debt-to-equity ratio of 0.74, implying that it primarily relies on equity financing rather than incurring excessive levels of debt. This conservative approach to financial management may offer stability and minimize risk for the company and its shareholders.
In summary, ProShare Advisors LLC increased its stake in Fiserv during the first quarter of this year, demonstrating confidence in the business services provider. With shares currently trading above their 50-day moving average, Fiserv may continue to offer potential value for investors seeking stable long-term growth opportunities within the market.
Fiserv Attracts Attention as Large Investors Fluctuate Stakes
September 14, 2023 – Fiserv, Inc. (NYSE:FI), a leading business services provider, continues to attract attention from large investors as they either increase or decrease their stakes in the company. This fluctuation in ownership highlights the dynamic nature of the investment market and the constantly evolving landscape of the business services industry.
One such investor, ST Germain D J Co. Inc., recently boosted its stake in Fiserv by 8.0% during the fourth quarter. The company now holds 4,794 shares of Fiserv’s stock, worth approximately $27,000 after acquiring an additional 354 shares in the last quarter. Similarly, Atlas Capital Advisors LLC increased its stake in Fiserv by 71.9% during the second quarter, now owning 306 shares valued at $27,000 after purchasing an additional 128 shares.
Other institutional investors have also entered the picture. Sunbelt Securities Inc. purchased a new position in Fiserv during the first quarter valued at $27,000, while Coppell Advisory Solutions Corp. acquired a new position during the fourth quarter valued at $30,000. Furthermore, Dark Forest Capital Management LP made a strategic move during the first quarter by purchasing a new position valued at $32,000.
These recent moves indicate that institutional investors currently own a significant portion of Fiserv’s stock—approximately 89.69%. This notable figure underscores their confidence in both the potential for growth and stability that this business services provider offers.
In another development involving Fiserv, Chief Operating Officer Guy Chiarello sold 6,750 shares of company stock on Tuesday, August 1st at an average price of $125.75 per share—a total value of $848,812.50. Following this sale, Chiarello currently holds approximately 173,856 shares of Fiserv’s stock with an estimated value of $21,862,392. These transactions were disclosed in a filing with the Securities and Exchange Commission (SEC).
Overall, insiders have been actively selling Fiserv stock during the last three months, with a total of 20,250 shares sold at a value of $2,512,688. Insiders collectively own 18.20% of Fiserv’s stock, indicating that those within the company are making calculated decisions regarding their investments.
Fiserv last reported its quarterly earnings data on Wednesday, July 26th. For that quarter, the business services provider recorded earnings per share (EPS) of $1.81—meeting analysts’ consensus estimates. The company generated revenue of $4.76 billion for the quarter, surpassing expectations set at $4.54 billion by industry experts. Fiserv achieved a net margin of 13.60%, showcasing its ability to generate profits effectively and a return on equity of 14.15%. With a year-on-year increase in quarterly revenue by 6.9%, Fiserv demonstrates positive progress and resilience in an ever-changing market landscape.
Research analysts have also shared their insights on the company’s performance recently. Stephens raised their target price for Fiserv from $125.00 to $135.00 in their research note issued on Thursday, July 27th. Additionally, Citigroup increased their target price from $140.00 to $150.00 in another research note published on the same day by B.Riley Financial along with Raymond James has given this stock “outperform” rating by raising their target price from $144 to %145 mentioned research notes above indicates market sentiment remains positive towards Fiserv stocks.
In conclusion, Fiserv continues to be subject to scrutiny by large investors as they make strategic decisions involving their stakes in the company.This altering investor ownership pattern highlights not only the complex and ever-evolving nature of investment markets but also the dynamism of the business services industry. With optimistic quarterly earnings, a strong net margin, and an impressive return on equity performance, Fiserv is well-positioned for growth and stability. Its multiple positive ratings from research analysts further affirm its potential as an investment option in the current market landscape.