Dynamic Technology Lab Private Ltd Acquires Shares of 6,950 Fiserv, Inc. $FI

Key Points

• Dynamic Technology Lab Private Ltd bought 6,950 shares of Fiserv, Inc., valued at approximately $1.5 million, marking a new investment in the company during the first quarter.
• Fiserv reported earnings of $2.47 per share, exceeding analysts' expectations of $2.43, with a revenue of $5.20 billion for the quarter.
• Analyst ratings for Fiserv are predominantly positive, with 21 "Buy" ratings, 1 "Strong Buy," and a consensus target price of $207.36.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,950 shares of the business services provider's stock, valued at approximately $1,535,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Fiserv in the first quarter valued at approximately $1,722,584,000. JPMorgan Chase & Co. boosted its stake in Fiserv by 77.2% in 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 acquiring an additional 6,691,703 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after purchasing an additional 3,804,358 shares during the period. GQG Partners LLC purchased a new stake in Fiserv during the first quarter valued at about $265,769,000. Finally, Pictet Asset Management Holding SA raised its holdings in Fiserv by 29.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,878,455 shares of the business services provider's stock valued at $635,308,000 after acquiring an additional 654,228 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on FI shares. Wall Street Zen lowered shares of Fiserv from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. Jefferies Financial Group dropped their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. JPMorgan Chase & Co. lowered their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $207.36.

Fiserv Stock Performance

Shares of FI traded up $3.33 during trading hours on Thursday, hitting $135.47. The stock had a trading volume of 3,856,413 shares, compared to its average volume of 4,432,878. The firm has a market capitalization of $73.64 billion, a PE ratio of 22.62, a PEG ratio of 0.89 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The stock has a fifty day moving average price of $145.93 and a 200 day moving average price of $176.47.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $5.20 billion. During the same quarter in the prior year, the company earned $2.13 earnings per share. Fiserv's revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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.