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

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 Trading Up 1.0 %

Shares of NYSE FI opened at $206.21 on Friday. Fiserv, Inc. has a 1-year low of $136.48 and a 1-year high of $223.23. The business has a fifty day moving average price of $209.55 and a 200 day moving average price of $186.20. The stock has a market capitalization of $117.32 billion, a P/E ratio of 39.66, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

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

Insiders Place Their Bets

In other news, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was 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 directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FI shares. Wells Fargo & Company increased their price objective on Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen increased their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. KeyCorp raised their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, BMO Capital Markets lifted their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Institutional Trading of Fiserv

Several hedge funds and other institutional investors have recently bought and sold shares of FI. Clean Yield Group boosted its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Fiserv during the third quarter valued at $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv in the third quarter valued at $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.

About Fiserv

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.