Fiserv, Inc. $FISV Shares Sold by Citigroup Inc.

Citigroup Inc. cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,473,166 shares of the business services provider’s stock after selling 152,731 shares during the period. Citigroup Inc. owned approximately 0.27% of Fiserv worth $189,935,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of Fiserv during the third quarter valued at about $28,000. True Wealth Design LLC lifted its stake in shares of Fiserv by 3,750.0% in the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after acquiring an additional 225 shares during the period. Redmont Wealth Advisors LLC bought a new position in shares of Fiserv in the third quarter valued at approximately $30,000. Clear Street LLC bought a new stake in Fiserv during the second quarter worth approximately $34,000. Finally, Westfuller Advisors LLC bought a new stake in Fiserv during the third quarter worth approximately $36,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, insider Adam L. Rosman bought 7,900 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This represents a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FISV. Morgan Stanley set a $64.00 price target on Fiserv in a research report on Wednesday, February 11th. Stephens lowered their target price on Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Argus reiterated a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $91.00 target price on shares of Fiserv in a report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.16.

Fiserv Price Performance

NASDAQ FISV opened at $61.47 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. Fiserv, Inc. has a 1 year low of $57.79 and a 1 year high of $238.59. The company has a market cap of $33.41 billion, a PE ratio of 9.70, a PEG ratio of 1.89 and a beta of 0.78. The stock’s 50-day moving average price is $65.26 and its two-hundred day moving average price is $92.63.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $2.51 earnings per share. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.