TCV Trust & Wealth Management Inc. Buys New Position in Fiserv, Inc. $FI

Key Points

• TCV Trust & Wealth Management Inc. has acquired 3,389 shares of Fiserv, Inc. valued at approximately $584,000, marking a new position in the company's stock.
• Financial analysts hold mixed views on Fiserv, with Truist Financial raising its target price from $181.00 to $185.00 while Jefferies Financial Group lowered theirs from $180.00 to $165.00.
• Fiserv recently reported $2.47 EPS for Q2, surpassing analysts' expectations and showing an 8.0% increase in revenue year-over-year.

TCV Trust & Wealth Management Inc. acquired a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,389 shares of the business services provider's stock, valued at approximately $584,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after acquiring an additional 535,407 shares during the period. JPMorgan Chase & Co. raised its position in Fiserv by 77.2% during the 1st 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in Fiserv by 3.2% during the 1st 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 in the last quarter. Nuveen LLC bought a new stake in Fiserv during the 1st quarter valued at $1,722,584,000. Finally, Alliancebernstein L.P. raised its position in Fiserv by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock valued at $1,264,178,000 after purchasing an additional 287,420 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FI shares. Stephens decreased their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Susquehanna decreased their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday, July 24th. UBS Group decreased their target price on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Barclays set a $175.00 price target on Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.36.

Fiserv Stock Down 0.0%

Shares of FI traded down $0.00 during trading hours on Tuesday, hitting $130.48. The company had a trading volume of 1,153,036 shares, compared to its average volume of 4,427,537. The company's fifty day moving average price is $139.86 and its two-hundred day moving average price is $170.39. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The company has a market capitalization of $70.93 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

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

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.