Fiserv, Inc. $FI Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its holdings in Fiserv, Inc. by 178.1%, acquiring an additional 2,868 shares, bringing its total stake to 4,478 shares valued at approximately $989,000.
• Fiserv, Inc. reported a Q2 earnings per share of $2.47, exceeding the consensus estimate of $2.43, with revenues reaching $5.20 billion for the quarter.
• Analysts have varied target prices for Fiserv, with JPMorgan cutting it from $210.00 to $190.00, while Tigress Financial raised their target from $244.00 to $250.00, suggesting a general consensus rating of "Moderate Buy."

AlphaQuest LLC increased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 178.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,478 shares of the business services provider's stock after buying an additional 2,868 shares during the quarter. AlphaQuest LLC's holdings in Fiserv were worth $989,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vega Investment Solutions bought a new position in shares of Fiserv in the fourth quarter worth about $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv in the fourth quarter worth $28,000. Abound Financial LLC purchased a new position in shares of Fiserv in the first quarter worth $38,000. Quarry LP lifted its holdings in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Fiserv in the fourth quarter worth $54,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Up 0.7%

Shares of FI traded up $0.94 during trading hours on Friday, hitting $138.59. The company had a trading volume of 1,329,570 shares, compared to its average volume of 4,432,178. The company has a market capitalization of $75.34 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91. 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, Inc. has a one year low of $128.22 and a one year high of $238.59. The company's fifty day moving average price is $152.21 and its two-hundred day moving average price is $182.43.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly 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 firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 EPS. 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.

Analysts Set New Price Targets

Several research firms have weighed in on FI. Truist Financial raised their price target on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Stephens cut their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Jefferies Financial Group dropped their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Morgan Stanley dropped their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Finally, Wall Street Zen raised Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv 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.