Czech National Bank Raises Stake in Fiserv, Inc. $FI

Key Points

• The Czech National Bank increased its stake in Fiserv, Inc. by 3.7%, owning 135,523 shares valued at approximately $23.36 million as of the end of the second quarter.
• Fiserv's recent earnings report revealed a net margin of 16.00% and a year-over-year revenue increase of 8.0%, with earnings per share surpassing estimates at $2.47.
• Several analysts have downgraded their price targets for Fiserv, with the average target now at $207.36 and a consensus rating of "Moderate Buy".

Czech National Bank grew its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,523 shares of the business services provider's stock after purchasing an additional 4,851 shares during the quarter. Czech National Bank's holdings in Fiserv were worth $23,366,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FI. Vega Investment Solutions purchased a new stake in shares of Fiserv during the fourth quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at $28,000. Activest Wealth Management boosted its stake in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares during the period. Abound Financial LLC purchased a new stake in shares of Fiserv during the first quarter valued at $38,000. Finally, Saudi Central Bank purchased a new stake in Fiserv in the first quarter worth about $49,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

FI stock opened at $132.75 on Tuesday. The firm has a market cap of $72.16 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 0.87 and a beta of 0.94. The firm has a 50-day simple moving average of $143.49 and a two-hundred day simple moving average of $173.63. Fiserv, Inc. has a one year low of $128.22 and a one 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 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. The business had revenue of $5.20 billion during 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 company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research reports. Morgan Stanley lowered their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Stephens lowered their price objective on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. KeyCorp lowered their price objective on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered shares of Fiserv from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. 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 assigned 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.

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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