GHP Investment Advisors Inc. Increases Fiserv Stock Position

On October 28th, 2024, it was reported that GHP Investment Advisors Inc. has significantly increased its investment in Fiserv, Inc. (NYSE:FI). Specifically, during the third quarter, the firm raised its holdings by 58.8%. Following this adjustment, GHP now owns 934 shares of Fiserv, having purchased an additional 346 shares during that timeframe. As per their latest filing with the SEC, GHP Investment Advisors Inc.'s stake in Fiserv is valued at approximately $168,000.

In addition to GHP Investment Advisors, several other institutional investors have also made adjustments to their holdings in Fiserv. For instance, Wellington Management Group LLP acquired a new stake in the company during the fourth quarter, valued at $3,292,000. Wealthcare Advisory Partners LLC also entered a new position in the first quarter, worth approximately $254,000. Moreover, Hennion & Walsh Asset Management Inc. raised its investment by 57.5% in the same quarter, owning now 3,002 shares worth around $480,000 after acquiring 1,096 more shares. BKM Wealth Management LLC increased its stake by 150.4%, owning 839 shares valued at $134,000 after an additional purchase of 504 shares. Miracle Mile Advisors LLC also lifted its holdings by 3.6%, now owning 7,553 shares worth about $1,207,000. All these institutional investors collectively hold 90.98% of Fiserv's stock.

Company Insider Transactions

In related news, Fiserv's CEO Frank Bisignano sold 145,000 shares of the company on September 20th, valued at $25,718,650 based on an average selling price of $177.37. After this transaction, Bisignano retains ownership of 2,965,084 shares, which are valued at approximately $525,916,949. This sale represents no change in the percentage of ownership he holds in Fiserv stock.

In another insider transaction, Director Doyle Simons sold 40,000 shares on October 23rd at an average price of $201.97, totaling around $8,078,800. Subsequent to this deal, Simons now holds 76,180 shares valued at roughly $15,386,074. In the past 90 days, insiders have sold a total of 227,890 shares worth $40,934,217, while corporate insiders presently own 0.75% of the company’s stock.

Analysts' Outlook on Fiserv

Recently, various equity research analysts have released reports on Fiserv. William Blair upgraded the stock to a "strong-buy" rating. Furthermore, Susquehanna increased their target price from $190.00 to $230.00 while rating the stock as "positive". Royal Bank of Canada raised its price target from $183.00 to $224.00, issuing an "outperform" rating. KeyCorp also raised their price objective to $225.00 and rated the stock as "overweight". Meanwhile, BMO Capital Markets lifted their target price from $175.00 to $191.00 and also rated the stock as "outperform". Overall, there are four analysts providing a hold rating, while twenty-one have given buy ratings and two a strong buy rating. According to MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" with an average target price set at $204.38.

Current Stock Performance and Earnings

As of the latest trading session, Fiserv's stock price opened at $199.52, with a market capitalization of $114.87 billion. The company's 50-day moving average stands at $180.68, while the two-hundred day moving average is $162.78. Fiserv has shown a price-to-earnings ratio of 38.37 and a price-to-earnings-growth ratio of 1.53, with a beta of 0.93. The stock boasts a 52-week low of $111.53 and a high of $204.50. The company’s current ratio is 1.07, quick ratio is 1.06, and the debt-to-equity ratio is 0.85.

Fiserv last announced its earnings on October 22nd, where it reported an EPS of $2.30, exceeding the consensus estimate by $0.04. The revenue for the quarter reached $5.22 billion, surpassing analysts’ expectations of $4.90 billion. The firm had a return on equity of 17.10% and a net profit margin of 15.22%, marking a 7.0% increase in quarterly revenue compared to the same period last year. Analysts expect that Fiserv will present an earnings per share of 8.77 for the current fiscal year.

About Fiserv

Fiserv, Inc. is a global provider of payments and financial technology services. With operations spanning multiple regions including the United States, Europe, the Middle East, Africa, Latin America, and the Asia-Pacific, Fiserv operates through various segments: Merchant Acceptance, Financial Technology, and Payments and Network.

GHP, Fiserv, Investors