ASR Vermogensbeheer N.V. Grows Stake in Fiserv, Inc. $FI

Key Points

• ASR Vermogensbeheer N.V. has significantly increased its holdings in Fiserv, Inc. by 100.4%, acquiring a total of 54,652 shares worth approximately $9.42 million.
• Fiserv reported a Q2 earnings per share of $2.47, exceeding analyst expectations and showing an 8.0% revenue increase year-over-year.
• Over 90% of Fiserv's stock is owned by institutional investors, with a current consensus rating of "Moderate Buy" and a price target of $205.96.

ASR Vermogensbeheer N.V. lifted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 100.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,652 shares of the business services provider's stock after buying an additional 27,385 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Fiserv were worth $9,422,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Sowell Financial Services LLC raised its stake in shares of Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock valued at $610,000 after purchasing an additional 314 shares during the period. Kathmere Capital Management LLC increased its stake in Fiserv by 7.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider's stock worth $257,000 after buying an additional 106 shares during the period. Gotham Asset Management LLC lifted its holdings in Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after buying an additional 3,809 shares in the last quarter. Jacobs & Co. CA boosted its position in Fiserv by 26.5% in the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock valued at $9,308,000 after buying an additional 11,322 shares during the last quarter. Finally, Deltec Asset Management LLC acquired a new stake in shares of Fiserv during the second quarter valued at about $1,034,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of FI opened at $125.63 on Friday. The stock has a market capitalization of $68.29 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The business's fifty day moving average price is $134.88 and its 200 day moving average price is $166.29. 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 $124.89 and a 12-month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The firm's 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. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

FI has been the topic of several recent analyst reports. Barclays set a $175.00 price target on Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. Morgan Stanley dropped their price objective on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Truist Financial increased their target price on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.96.

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.

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.