Blair William & Co. IL Acquires 117,508 Shares of Fiserv, Inc. $FI

Key Points

• Blair William & Co. IL increased its stake in Fiserv, Inc. by 5.9% during the second quarter, owning 2,107,519 shares worth approximately $363.4 million.
• Fiserv reported a quarterly EPS of $2.47, surpassing analysts' expectations of $2.43, with revenues of $5.20 billion, reflecting an 8.0% year-over-year growth.
• A majority of 90.98% of Fiserv's stock is held by institutional investors, indicating strong support among financial institutions.

Blair William & Co. IL lifted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,107,519 shares of the business services provider's stock after purchasing an additional 117,508 shares during the quarter. Fiserv comprises 1.0% of Blair William & Co. IL's portfolio, making the stock its 18th biggest holding. Blair William & Co. IL owned about 0.38% of Fiserv worth $363,357,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC increased its holdings in shares of Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock valued at $610,000 after acquiring an additional 314 shares during the period. Kathmere Capital Management LLC raised its stake in shares of Fiserv by 7.7% in the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider's stock worth $257,000 after purchasing an additional 106 shares during the last quarter. Gotham Asset Management LLC increased 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 during the period. Deltec Asset Management LLC acquired a new position in Fiserv during the second quarter valued at $1,034,000. Finally, Jacobs & Co. CA grew its holdings in Fiserv by 26.5% during the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock worth $9,308,000 after acquiring an additional 11,322 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 0.1%

FI opened at $126.51 on Thursday. Fiserv, Inc. has a one year low of $124.89 and a one year high of $238.59. The stock has a market capitalization of $68.77 billion, a PE ratio of 21.12, a P/E/G ratio of 0.83 and a beta of 0.95. The business's 50 day moving average price is $133.69 and its 200 day moving average price is $163.73. 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 earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous 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, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group lowered their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Wall Street Zen raised Fiserv from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Robert W. Baird dropped their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. JPMorgan Chase & Co. lowered their target price 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. Finally, Barclays set a $175.00 price objective on shares of Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $205.96.

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.

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