Advisors Asset Management Inc. Raises Holdings in Fiserv, Inc. $FI

Key Points

• Advisors Asset Management Inc. increased its stake in Fiserv, Inc. by 5.7%, acquiring an additional 3,583 shares, bringing its total holdings to 66,388 shares valued at approximately $14.66 million.
• Fiserv's recent earnings report showed a net income of $2.47 EPS, exceeding analysts' expectations and an 8% year-over-year revenue growth, amounting to $5.20 billion.
• Stock price targets for Fiserv have been adjusted by various analysts, with Goldman Sachs lowering their target from $223 to $194, while Tigress Financial has raised theirs from $244 to $250.

Advisors Asset Management Inc. raised its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 66,388 shares of the business services provider's stock after purchasing an additional 3,583 shares during the period. Advisors Asset Management Inc.'s holdings in Fiserv were worth $14,660,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vega Investment Solutions purchased a new position in shares of Fiserv in the 4th quarter worth approximately $25,000. Park Square Financial Group LLC purchased a new position in Fiserv in the fourth quarter valued at approximately $28,000. Activest Wealth Management lifted its stake in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Abound Financial LLC purchased a new position in shares of Fiserv in the first quarter worth about $38,000. Finally, Saudi Central Bank purchased a new position in shares of Fiserv in the first quarter worth about $49,000. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 0.1%

FI traded down $0.20 during trading on Monday, hitting $134.85. 2,170,409 shares of the stock were exchanged, compared to its average volume of 4,417,315. The firm has a market cap of $73.31 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 0.88 and a beta of 0.94. 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. The firm has a 50 day simple moving average of $148.21 and a 200 day simple moving average of $177.74.

Fiserv (NYSE:FI - Get Free Report) last released 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 firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the prior year, the firm earned $2.13 EPS. The firm'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. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FI. KeyCorp lowered their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. UBS Group reduced 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 target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Stephens lowered their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.36.

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.