The Vanguard Group, Inc. recently announced the acquisition of new stake in Fiserv, Inc. (NYSE:FI). The institutional investor has increased its shareholding in the Technology company by 1.64% to 47.95 million shares with purchase of 0.78 million shares. This fresh investment now brings its stake to 7.99% valued currently at $6.26 billion. In addition, Geode Capital Management LLC raised its holdings by 54799.0 to 12.05 million shares.
Currently, there are 630.00M common shares owned by the public and among those 595.77M shares have been available to trade.
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Insiders at the company have transacted a total of 69 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 625,569 shares. Insider sales of the common stock occurred on 47 occasions, with total insider shares sold totaling 7,619,905 shares.
The top 3 mutual fund holders in Fiserv, Inc. are Dodge & Cox Stock Fund, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund. Dodge & Cox Stock Fund owns 23.23 million shares of the company’s stock, all valued at over $3.03 billion. The company sold 40600.0 shares recently to bring their total holdings to about 3.87% of the shares outstanding. Vanguard Total Stock Market ETF bought 98890.0 shares to see its total holdings expand to 19.06 million shares valued at over $2.49 billion and representing 3.18% of the shares outstanding. Vanguard 500 Index Fund bought 69218.0 shares to bring its total holdings to over 14.72 million shares at a value of $1.92 billion. Vanguard 500 Index Fund now owns shares totaling to 2.45% of the shares outstanding.
However, the script later moved the day high at 134.77, down -0.23%. The company’s stock has a 5-day price change of -0.23% and 12.11% over the past three months. FI shares are trading 32.76% year to date (YTD), with the 12-month market performance up to 36.11% higher. It has a 12-month low price of $97.80 and touched a high of $136.49 over the same period. FI has an average intraday trading volume of 2.92 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.95%, 9.96%, and 11.99% respectively.
Institutional ownership of Fiserv, Inc. (NYSE: FI) shares accounts for 92.21% of the company’s 630.00M shares outstanding. Mutual fund holders own 43.95%, while other institutional holders and individual stakeholders account for 48.89% and 15.71% respectively.
It has a market capitalization of $80.53B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 28.08, while the earnings-per-share (ttm) stands at $4.78. The company has a PEG of 1.93 and a Quick Ratio of 1.07 with the debt-to-equity ratio at 0.79. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.51% over the week and 1.26% over the month.
Analysts forecast that Fiserv, Inc. (FI) will achieve an EPS of $Ford Motor Company for the current quarter, $12.02 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $MidCap Financial Investment Cor while analysts give the company a high EPS estimate of $Fisker Inc.. Comparatively, EPS for the current quarter was $First Solar, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 15.45%, and 14.57% over the next financial year. EPS should grow at an annualized rate of 14.56% over the next five years, compared to 6.20% over the past 5-year period.
Looking at the support for the FI, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on December 05, 2023, with the firm’s price target at $152.
