Coerente Capital Management Purchases 6,928 Shares of Fiserv, Inc. $FI

Key Points

• Coerente Capital Management increased its ownership in Fiserv, Inc. by 4.6% during Q2, acquiring an additional 6,928 shares, leading to a total of 158,582 shares valued at approximately $27.34 million.
• Institutional investors collectively hold about 90.98% of Fiserv's stock, with notable increases in stakes from Vanguard Group, JPMorgan Chase, and Massachusetts Financial Services during the first quarter.
• Fiserv reported a year-over-year revenue growth of 8.0% for the last quarter, achieving earnings per share of $2.47, which exceeded expectations, alongside a full year EPS guidance set between 10.150 and 10.30.

Coerente Capital Management raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,582 shares of the business services provider's stock after purchasing an additional 6,928 shares during the quarter. Fiserv comprises approximately 5.0% of Coerente Capital Management's holdings, making the stock its 7th biggest holding. Coerente Capital Management's holdings in Fiserv were worth $27,341,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after acquiring an additional 535,407 shares during the period. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after acquiring an additional 253,544 shares during the period. Nuveen LLC purchased a new stake in Fiserv during the 1st quarter worth $1,722,584,000. Finally, Alliancebernstein L.P. increased its stake in Fiserv by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after buying an additional 287,420 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Price Performance

NYSE:FI opened at $125.92 on Friday. The stock has a market cap of $68.45 billion, a P/E ratio of 21.02, a PEG ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a one year low of $124.89 and a one year high of $238.59. The company has a fifty day moving average price of $133.43 and a 200 day moving average price of $163.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick 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 (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FI shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fiserv in a research note on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective for the company. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an "overweight" rating in a report on Monday, July 28th. Truist Financial raised their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Morgan Stanley decreased their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and a consensus price target of $205.96.

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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