Rep. William R. Keating Buys Fiserv, Inc. (NYSE:FI) Shares

Representative William R. Keating (D-Massachusetts) recently bought shares of Fiserv, Inc. NYSE: FI. In a filing disclosed on January 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fiserv stock on January 7th. The trade occurred in the Representative's "BILL'S IRA" account.

Representative William R. Keating also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Airbnb NASDAQ: ABNB on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Amentum NYSE: AMTM on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 10/31/2024.

Fiserv Stock Up 1.2 %

NYSE:FI traded up $2.41 during trading hours on Friday, hitting $208.67. 2,579,770 shares of the stock traded hands, compared to its average volume of 2,432,215. The firm has a market cap of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. The firm has a 50 day moving average price of $209.49 and a 200 day moving average price of $186.34. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a fifty-two week low of $136.93 and a fifty-two week high of $223.23.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the business earned $1.96 EPS. The business's revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Institutional Trading of Fiserv

A number of hedge funds have recently modified their holdings of the company. Soros Capital Management LLC raised its stake in shares of Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after purchasing an additional 22,884 shares in the last quarter. Czech National Bank increased its holdings in Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock valued at $25,339,000 after buying an additional 6,072 shares during the period. Chiron Investment Management LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $4,709,000. Cardano Risk Management B.V. bought a new position in shares of Fiserv during the 4th quarter worth about $97,254,000. Finally, Maxwell Wealth Strategies Inc. boosted its position in shares of Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider's stock valued at $2,696,000 after acquiring an additional 2,869 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,821 shares of company stock worth $18,581,095. Corporate insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays raised their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. The Goldman Sachs Group boosted their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Mizuho boosted their target price on Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group upped their target price on Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $224.00.

About Representative Keating

Bill Keating (Democratic Party) is a member of the U.S. House, representing Massachusetts' 9th Congressional District. He assumed office on January 3, 2013. His current term ends on January 3, 2025. Keating (Democratic Party) is running for re-election to the U.S. House to represent Massachusetts' 9th Congressional District. He declared candidacy for the 2024 election. Keating was first elected to the House in 2010 for Massachusetts' 10th Congressional District but due to redistricting, he won re-election in Massachusetts' 9th Congressional District on November 6, 2012. Prior to being elected to the House, Keating was a member of the Massachusetts House of Representatives and a member of the Massachusetts State Senate. He also served as the Norfolk District Attorney. After earning his bachelor's degree, Keating went into politics as a 23-year-old representative in the Massachusetts House of Representatives. He served in that chamber for seven years and went on to be elected to the Massachusetts Senate. Keating also earned his master's degree and J.D., passing the Massachusetts bar. In the decade between serving in the state senate and being elected to the U.S. House, Keating worked as the Norfolk district attorney.

Fiserv Company Profile

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.