BTC Capital Management Inc. Lowers Stock Holdings in Fiserv, Inc. $FI

Key Points

• BTC Capital Management Inc. reduced its stake in Fiserv, Inc. by 22.6%, now holding 39,033 shares worth approximately $6.72 million.
• Numerous hedge funds have also adjusted their positions in Fiserv, with Nuveen LLC acquiring a new position valued at over $1.7 billion in the first quarter.
• Despite recent shifts in shareholding, analysts maintain a consensus rating of "Moderate Buy" for Fiserv, with an average price target of $207.36.

BTC Capital Management Inc. lessened its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 22.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,033 shares of the business services provider's stock after selling 11,421 shares during the quarter. BTC Capital Management Inc.'s holdings in Fiserv were worth $6,722,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FI. Nuveen LLC acquired a new position in shares of Fiserv in the 1st quarter valued at $1,722,584,000. JPMorgan Chase & Co. boosted its holdings in shares of Fiserv by 77.2% in the 1st 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. GAMMA Investing LLC boosted its holdings in shares of Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after purchasing an additional 3,804,358 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock valued at $351,550,000 after purchasing an additional 1,842,784 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider's stock valued at $273,916,000 after purchasing an additional 1,247,801 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Price Performance

FI opened at $131.79 on Friday. The company has a 50-day moving average of $140.59 and a 200-day moving average of $171.34. The company has a market capitalization of $71.64 billion, a P/E ratio of 22.00, a PEG ratio of 0.86 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year 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 announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating 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 business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The company'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. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. KeyCorp reduced their target price on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Barclays set a $175.00 target price on shares of Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Stephens reduced their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and an average price target of $207.36.

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.

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