Chicago Capital LLC Buys 18,520 Shares of Fiserv, Inc. $FI

Key Points

• Chicago Capital LLC increased its stake in Fiserv, Inc. by 130.7% during the 2nd quarter, now owning a total of 32,689 shares worth approximately $5.6 million.
• Numerous institutional investors have also adjusted their holdings in Fiserv, with 90.98% of the company's stock now owned by institutional investors.
• Analysts have set a consensus price target of $205.96 for Fiserv, with a mix of ratings including one Strong Buy, twenty-one Buy, and two Hold ratings.

Chicago Capital LLC boosted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 130.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,689 shares of the business services provider's stock after acquiring an additional 18,520 shares during the period. Chicago Capital LLC's holdings in Fiserv were worth $5,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FI. Nuveen LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $1,722,584,000. JPMorgan Chase & Co. boosted its holdings in shares of Fiserv by 77.2% during 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 buying an additional 6,691,703 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Fiserv by 939.0% during 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 buying an additional 1,842,784 shares in the last quarter. Swedbank AB boosted its holdings in shares of Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider's stock valued at $273,916,000 after buying an additional 1,247,801 shares in the last quarter. Finally, GQG Partners LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $265,769,000. Institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

FI has been the topic of a number of research reports. UBS Group dropped their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price target for the company. Barclays set a $175.00 price target on Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. Stephens lowered their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Robert W. Baird lowered their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. One investment 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 given a Sell rating to the company's stock. According to MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and an average price target of $205.96.

Fiserv Price Performance

NYSE FI opened at $130.17 on Tuesday. Fiserv, Inc. has a 52 week low of $128.08 and a 52 week high of $238.59. The firm has a market capitalization of $70.76 billion, a P/E ratio of 21.73, a PEG ratio of 0.84 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. The company has a 50-day moving average price of $136.25 and a 200-day moving average price of $167.48.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly 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 firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the prior year, the firm 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. 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.

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