Nitorum Capital L.P. Has $38.05 Million Holdings in Fiserv, Inc. $FI

Key Points

• Nitorum Capital L.P. reduced its stake in Fiserv, Inc. by 21.4% in the first quarter, holding 172,305 shares valued at approximately $38 million, making it the firm's fifth largest position.
• Several hedge funds, including Vanguard Group and JPMorgan Chase, increased their holdings in Fiserv during the same period, which reflects strong institutional interest, with hedge funds owning around 90.98% of the stock.
• Despite analysts cutting price targets for Fiserv, the stock maintains a consensus rating of "Moderate Buy" with a price target averaging $207.36 amidst positive earnings results that exceeded expectations.

Nitorum Capital L.P. decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 21.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 172,305 shares of the business services provider's stock after selling 46,888 shares during the period. Fiserv makes up 5.3% of Nitorum Capital L.P.'s holdings, making the stock its 5th largest position. Nitorum Capital L.P.'s holdings in Fiserv were worth $38,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vega Investment Solutions bought a new stake in shares of Fiserv during the 4th quarter valued at $25,000. Activest Wealth Management lifted its stake in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after buying an additional 126 shares during the period. Park Square Financial Group LLC acquired a new position in Fiserv in the fourth quarter valued at about $28,000. Abound Financial LLC acquired a new position in Fiserv in the first quarter valued at about $38,000. Finally, Saudi Central Bank acquired a new position in Fiserv in the first quarter valued at about $49,000. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Down 0.9%

FI stock traded down $1.22 during trading hours on Friday, reaching $134.96. 3,574,503 shares of the stock were exchanged, compared to its average volume of 3,719,014. The firm's 50-day moving average is $148.21 and its 200-day moving average is $177.74. The company has a market cap of $73.36 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 0.88 and a beta of 0.94. 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, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.Fiserv's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

FI has been the topic of several analyst reports. Susquehanna cut their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. Robert W. Baird cut their target price on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research report 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 report on Thursday, July 24th. Finally, 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 report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.