SouthState Corp Acquires 1,718 Shares of Fiserv, Inc. $FI

by · The Cerbat Gem

SouthState Corp raised its holdings in Fiserv, Inc. (NYSE:FI – Free Report) by 6.4% in the second quarter, HoldingsChannel.com reports. The firm owned 28,563 shares of the business services provider’s stock after purchasing an additional 1,718 shares during the quarter. SouthState Corp’s holdings in Fiserv were worth $4,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FI. Nuveen LLC bought a new stake in Fiserv in the 1st quarter valued at about $1,722,584,000. JPMorgan Chase & Co. boosted its holdings in Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after purchasing an additional 1,842,784 shares during the period. Swedbank AB boosted its holdings in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after purchasing an additional 1,247,801 shares during the period. Finally, GQG Partners LLC bought a new stake in Fiserv in the 1st quarter valued at about $265,769,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI stock opened at $63.96 on Thursday. The company has a 50 day simple moving average of $121.80 and a 200 day simple moving average of $148.31. The stock has a market cap of $34.77 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 0.56 and a beta of 0.95. Fiserv, Inc. has a 1 year low of $63.50 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NYSE:FI – Get Free Report) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

In related news, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director directly owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.74% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a report on Wednesday, October 8th. Barclays set a $175.00 price target on shares of Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. Susquehanna cut their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Finally, Jefferies Financial Group cut their price target on shares of Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a report on Monday, October 13th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $127.28.

Check Out Our Latest Stock Report on Fiserv

Fiserv Company Profile

(Free Report)

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.

See Also

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