Caxton Associates LLP Makes New $11.54 Million Investment in Fiserv, Inc. $FI

Key Points

• Caxton Associates LLP has invested approximately $11.54 million in Fiserv, acquiring 52,239 shares and making it the firm's 28th largest holding.
• Fiserv's recent quarterly earnings showed an earnings per share (EPS) of $2.47, beating analyst estimates of $2.43 while reporting an 8.0% increase in revenue compared to the previous year.
• Analyst ratings for Fiserv are mostly positive, with a consensus rating of "Moderate Buy" and a mean price target of $207.36.

Caxton Associates LLP purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 52,239 shares of the business services provider's stock, valued at approximately $11,536,000. Fiserv accounts for approximately 0.4% of Caxton Associates LLP's investment portfolio, making the stock its 28th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Gotham Asset Management LLC boosted its position in Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after acquiring an additional 3,809 shares during the period. Kestra Private Wealth Services LLC boosted its position in Fiserv by 3.0% during 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 acquiring an additional 230 shares during the period. American National Bank & Trust boosted its position in Fiserv by 2.4% during the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after acquiring an additional 1,983 shares during the period. Goldman Sachs Group Inc. boosted its position in Fiserv by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,778,795 shares of the business services provider's stock worth $1,055,301,000 after acquiring an additional 190,527 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Fiserv by 6.6% during the 1st quarter. AQR Capital Management LLC now owns 388,692 shares of the business services provider's stock valued at $83,491,000 after buying an additional 24,103 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

NYSE:FI traded down $1.27 during trading hours on Friday, reaching $134.43. The company had a trading volume of 2,913,319 shares, compared to its average volume of 3,871,148. The stock has a 50-day moving average of $144.31 and a two-hundred day moving average of $175.13. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The firm has a market capitalization of $73.08 billion, a PE ratio of 22.44, a PEG ratio of 0.88 and a beta of 0.94. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results 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 return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The business's revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

FI has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Susquehanna dropped their price target on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report 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. Keefe, Bruyette & Woods dropped their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Company 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.