Fiserv, Inc. $FI Shares Acquired by Beck Mack & Oliver LLC

Key Points

• Beck Mack & Oliver LLC increased its stake in Fiserv, Inc. by 4.8% in the first quarter, now owning 538,269 shares valued at approximately $118.87 million.
• Fiserv's recent earnings report showed a net margin of 16.00% and a year-over-year revenue increase of 8.0%, with EPS reaching $2.47, exceeding estimates.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Fiserv, with a target price averaging $207.36 despite some recent price target reductions.

Beck Mack & Oliver LLC grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 4.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 538,269 shares of the business services provider's stock after buying an additional 24,867 shares during the period. Fiserv accounts for approximately 2.4% of Beck Mack & Oliver LLC's portfolio, making the stock its 16th largest position. Beck Mack & Oliver LLC owned about 0.10% of Fiserv worth $118,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after buying an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after acquiring an additional 253,544 shares during the period. Nuveen LLC acquired a new position in shares of Fiserv during the first quarter worth about $1,722,584,000. Finally, Nuveen Asset Management LLC increased its stake in shares of Fiserv by 5.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after acquiring an additional 340,938 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FI. Morgan Stanley dropped their price target on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Barclays set a $175.00 price target on shares of Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. The Goldman Sachs Group dropped their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Truist Financial boosted their price target on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. dropped their price target 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 investment 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 assigned a Sell rating to the company. According to MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Price Performance

FI traded down $1.44 on Tuesday, hitting $136.74. 4,911,876 shares of the company were exchanged, compared to its average volume of 4,029,379. The business's fifty day moving average is $150.34 and its 200 day moving average is $180.18. The firm has a market capitalization of $74.33 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week 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 released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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.