1832 Asset Management L.P. Sells 16,365 Shares of Fiserv, Inc. $FI

Key Points

• 1832 Asset Management L.P. reduced its stake in Fiserv, Inc. by 7.6%, selling 16,365 shares to hold 199,036 shares valued at approximately $43.95 million.
• Several hedge funds, including Compound Planning Inc. and CW Advisors LLC, increased their positions in Fiserv during the first quarter, with institutional investors now owning 90.98% of the stock.
• Analysts have lowered their price targets on Fiserv, with the average target now at $207.08 and an overall consensus rating of "Moderate Buy."

1832 Asset Management L.P. reduced its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,036 shares of the business services provider's stock after selling 16,365 shares during the period. 1832 Asset Management L.P.'s holdings in Fiserv were worth $43,953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FI. Vega Investment Solutions purchased a new stake in shares of Fiserv during the 4th quarter worth about $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the 4th quarter worth about $28,000. Abound Financial LLC purchased a new stake in shares of Fiserv during the 1st quarter worth about $38,000. Quarry LP raised its stake in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Fiserv in the 4th quarter valued at approximately $54,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of NYSE:FI traded up $0.18 during trading on Wednesday, hitting $138.06. 3,520,728 shares of the stock were exchanged, compared to its average volume of 4,450,486. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The company has a market capitalization of $75.05 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. The company's fifty day simple moving average is $153.14 and its 200-day simple moving average is $183.38. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

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

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Robert W. Baird cut their price objective on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. UBS Group cut their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Keefe, Bruyette & Woods cut their price objective on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Finally, Susquehanna cut their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $207.08.

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.