CCM Investment Advisers LLC Grows Position in Fiserv, Inc. $FI

Key Points

• CCM Investment Advisers LLC increased its position in Fiserv, Inc. by 4.7% during the second quarter, now holding 71,058 shares valued at approximately $12.25 million.
• Various hedge funds have also increased their stakes in Fiserv, with institutional investors collectively owning 90.98% of the company's stock.
• Analysts have set a target price range for Fiserv, with Barclays at $175.00 and the average target price being $207.36, indicating a generally positive outlook.

CCM Investment Advisers LLC increased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,058 shares of the business services provider's stock after buying an additional 3,196 shares during the quarter. CCM Investment Advisers LLC's holdings in Fiserv were worth $12,251,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in Fiserv during the 4th quarter worth approximately $28,000. Activest Wealth Management lifted its position in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after acquiring an additional 126 shares during the period. Christopher J. Hasenberg Inc lifted its position in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after acquiring an additional 142 shares during the period. Armstrong Advisory Group Inc. lifted its position in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after acquiring an additional 136 shares during the period. Finally, Abound Financial LLC acquired a new stake in Fiserv during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

FI has been the subject of a number of recent research reports. Barclays set a $175.00 price objective on Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. Jefferies Financial Group decreased their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Morgan Stanley decreased their price objective on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Susquehanna decreased their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday, July 24th. Finally, Wall Street Zen raised Fiserv from a "hold" rating to a "buy" rating in a report on Saturday. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Stock Performance

Shares of FI stock opened at $129.64 on Wednesday. The stock has a fifty day moving average price of $139.16 and a 200 day moving average price of $170.10. The stock has a market cap of $70.47 billion, a PE ratio of 21.64, a P/E/G ratio of 0.85 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 issued its quarterly earnings data 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. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm 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 firm posted $2.13 earnings per share. Fiserv's revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.

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