Consolidated Portfolio Review Corp Acquires New Shares in Fiserv, Inc. $FI

Key Points

• Consolidated Portfolio Review Corp has acquired 2,425 shares of Fiserv, Inc., valued at approximately $418,000, indicating growing institutional interest in the company.
• Analysts have recently revised their price targets for Fiserv, with the average target now at $205.96 amid a generally positive outlook, including 21 buy ratings.
• Fiserv reported a quarterly earnings per share (EPS) of $2.47, beating estimates, and a revenue increase of 8.0% year-over-year, reflecting strong financial performance.

Consolidated Portfolio Review Corp acquired a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,425 shares of the business services provider's stock, valued at approximately $418,000.

A number of other institutional investors have also recently made changes to their positions in FI. Sowell Financial Services LLC boosted its holdings in Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock worth $610,000 after purchasing an additional 314 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider's stock worth $257,000 after buying an additional 106 shares during the last quarter. Gotham Asset Management LLC boosted its stake in shares of Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after buying an additional 3,809 shares during the last quarter. Jacobs & Co. CA increased its position in Fiserv by 26.5% during the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock valued at $9,308,000 after acquiring an additional 11,322 shares during the last quarter. Finally, Westend Capital Management LLC increased its position in Fiserv by 78,332.0% during the second quarter. Westend Capital Management LLC now owns 19,608 shares of the business services provider's stock valued at $3,381,000 after acquiring an additional 19,583 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. KeyCorp cut their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Mizuho cut their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, July 29th. UBS Group dropped their price target on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Finally, Stephens decreased their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $205.96.

Fiserv Price Performance

Shares of Fiserv stock opened at $125.63 on Friday. 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, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59. The stock's 50-day simple moving average is $134.88 and its 200-day simple moving average is $166.29. The company has a market capitalization of $68.29 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.82 and a beta of 0.95.

Fiserv (NYSE:FI - Get Free Report) last issued its 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. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter last year, the company earned $2.13 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts expect 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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