Bouvel Investment Partners LLC Invests $6.09 Million in Fiserv, Inc. $FI

Key Points

• Bouvel Investment Partners LLC acquired a new stake in Fiserv, Inc., purchasing 35,301 shares worth approximately $6.086 million, making up 2.1% of its investment portfolio.
• Fiserv reported earnings per share of $2.47 for the last quarter, exceeding analysts' expectations, with a quarterly revenue of $5.20 billion showing an 8.0% year-over-year increase.
• Recent analyst reports have adjusted price targets for Fiserv, with estimates ranging as low as $165.00 to as high as $225.00, reflecting a consensus rating of "Moderate Buy" with an average target of $207.36.

Bouvel Investment Partners LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,301 shares of the business services provider's stock, valued at approximately $6,086,000. Fiserv accounts for about 2.1% of Bouvel Investment Partners LLC's portfolio, making the stock its 16th biggest holding.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after purchasing an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in 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 last quarter. Nuveen LLC purchased a new position in shares of Fiserv during the first quarter worth $1,722,584,000. Finally, Alliancebernstein L.P. boosted its position in shares of Fiserv by 5.3% during the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after buying an additional 287,420 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FI. JPMorgan Chase & Co. cut their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. UBS Group dropped 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. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 target price on the stock. Finally, Tigress Financial boosted their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. One research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Stock Performance

Shares of FI stock traded down $1.51 during midday trading on Tuesday, hitting $128.97. 1,818,497 shares of the company were exchanged, compared to its average volume of 4,432,238. Fiserv, Inc. has a 52 week low of $128.22 and a 52 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. The firm's 50 day moving average price is $139.86 and its two-hundred day moving average price is $170.39. The firm has a market capitalization of $70.11 billion, a P/E ratio of 21.53, a PEG ratio of 0.86 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last issued its 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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the previous year, the company earned $2.13 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.