Oliver Lagore Vanvalin Investment Group Purchases Shares of 9,863 Fiserv, Inc. $FI

Key Points

• Oliver Lagore Vanvalin Investment Group has acquired 9,863 shares of Fiserv, Inc., valued at approximately $1.7 million, according to their recent 13F filing.
• Institutional investors own approximately 90.98% of Fiserv's stock, indicating strong institutional interest.
• Fiserv reported $5.20 billion in revenue for the recent quarter, matching analyst estimates, and achieved an EPS of $2.47, surpassing expectations by $0.04.

Oliver Lagore Vanvalin Investment Group bought a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 9,863 shares of the business services provider's stock, valued at approximately $1,700,000.

Other hedge funds have also modified their holdings of the company. 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. boosted its holdings 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 acquiring an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings 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 acquiring an additional 253,544 shares during the period. Nuveen LLC purchased a new position in Fiserv during the 1st quarter valued at about $1,722,584,000. Finally, Alliancebernstein L.P. boosted its holdings 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 acquiring an additional 287,420 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.4%

Fiserv stock traded down $0.53 during trading on Tuesday, hitting $129.95. The company's stock had a trading volume of 818,284 shares, compared to its average volume of 4,427,054. The stock has a market capitalization of $70.64 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 0.86 and a beta of 0.94. The stock's fifty day moving average is $139.86 and its 200 day moving average is $170.39. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. 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 quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) 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 firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the previous year, the business earned $2.13 earnings per share. 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 research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Susquehanna lowered their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday, July 24th. Truist Financial increased their price target on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Tigress Financial raised their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley cut their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Finally, Mizuho lowered their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 29th. One 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $207.36.

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.