Carderock Capital Management Inc. Lowers Position in Fiserv, Inc. $FI

Key Points

• Carderock Capital Management Inc. reduced its stake in Fiserv, Inc. by 7.8%, now holding 47,528 shares valued at approximately $10.5 million, making it the firm's fourth largest holding.
• Fiserv reported earnings of $2.47 per share for the last quarter, exceeding analysts' expectations of $2.43, with a revenue of $5.20 billion.
• Recent analyst ratings show a consensus of "Moderate Buy" for Fiserv, with price targets ranging from $165 to $210, indicating mixed outlooks among research firms.

Carderock Capital Management Inc. lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,528 shares of the business services provider's stock after selling 4,027 shares during the quarter. Fiserv makes up approximately 2.8% of Carderock Capital Management Inc.'s portfolio, making the stock its 4th largest holding. Carderock Capital Management Inc.'s holdings in Fiserv were worth $10,496,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FI. Gotham Asset Management LLC grew its position in shares of Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock valued at $16,490,000 after acquiring an additional 3,809 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of Fiserv by 3.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock worth $1,743,000 after purchasing an additional 230 shares during the period. American National Bank & Trust lifted its stake in Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after purchasing an additional 1,983 shares during the last quarter. AQR Capital Management LLC grew its holdings in Fiserv by 6.6% during the first quarter. AQR Capital Management LLC now owns 388,692 shares of the business services provider's stock valued at $83,491,000 after purchasing an additional 24,103 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Fiserv by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,778,795 shares of the business services provider's stock worth $1,055,301,000 after buying an additional 190,527 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $132.35 on Thursday. The company has a 50 day moving average of $145.93 and a 200 day moving average of $176.47. The stock has a market cap of $71.94 billion, a P/E ratio of 22.09, a P/E/G ratio of 0.89 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Truist Financial upped their price objective on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Robert W. Baird reduced their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Finally, Mizuho cut their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.36.

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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