111 Capital Takes Position in Fiserv, Inc. $FI

Key Points

• 111 Capital has acquired a new stake in Fiserv, Inc., purchasing 17,602 shares valued at approximately $3,035,000 in the second quarter.
• Multiple hedge funds, including Vanguard Group and JPMorgan Chase, have increased their holdings in Fiserv, indicating strong institutional interest, with 90.98% of the stock owned by hedge funds and institutional investors.
• Fiserv reported earnings of $2.47 per share for the last quarter, exceeding analysts' estimates, with an 8.0% year-over-year revenue growth, prompting analysts to set a consensus target price of $205.96.

111 Capital acquired a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,602 shares of the business services provider's stock, valued at approximately $3,035,000.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after purchasing an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fiserv by 77.2% during the first 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 last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after purchasing an additional 253,544 shares during the last quarter. Nuveen LLC purchased a new position in shares of Fiserv during the first quarter valued at approximately $1,722,584,000. Finally, Alliancebernstein L.P. increased its holdings in Fiserv by 5.3% during the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock valued at $1,264,178,000 after buying an additional 287,420 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of NYSE FI opened at $127.56 on Friday. The firm has a fifty day moving average price of $134.59 and a 200-day moving average price of $165.68. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $69.34 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 1 year low of $124.89 and a 1 year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. Fiserv's revenue for the quarter was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on FI. Barclays set a $175.00 target price on shares of Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. Stephens reduced their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Morgan Stanley reduced their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Wall Street Zen raised shares of Fiserv from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Finally, Jefferies Financial Group reduced their target price on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.96.

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.

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