Fiserv, Inc. $FI is Steamboat Capital Partners LLC's 3rd Largest Position

Key Points

• Steamboat Capital Partners LLC decreased its stake in Fiserv, Inc. by 22.1% in Q1 2023, making it the fund's third-largest position with holdings worth approximately $15.5 million.
• Several institutional investors, including Vanguard Group Inc. and JPMorgan Chase & Co., have increased their stakes in Fiserv, with institutional investors collectively owning 90.98% of the company.
• Fiserv reported an EPS of $2.47 for the recent quarter, exceeding estimates, and has set an FY 2025 guidance of 10.150-10.30 EPS.

Steamboat Capital Partners LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 22.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,000 shares of the business services provider's stock after selling 19,879 shares during the period. Fiserv accounts for 4.7% of Steamboat Capital Partners LLC's portfolio, making the stock its 3rd biggest position. Steamboat Capital Partners LLC's holdings in Fiserv were worth $15,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vega Investment Solutions acquired a new stake in shares of Fiserv during the fourth quarter worth $25,000. Activest Wealth Management raised its holdings 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 worth $29,000 after purchasing an additional 126 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $28,000. Abound Financial LLC acquired a new stake in shares of Fiserv in the 1st quarter worth about $38,000. Finally, Quarry LP increased its holdings in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after acquiring an additional 70 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Mizuho dropped their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. The Goldman Sachs Group dropped their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Finally, UBS Group dropped their price objective 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. 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 assigned a Sell rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Trading Down 1.0%

Shares of FI traded down $1.44 during midday trading on Tuesday, hitting $136.74. The stock had a trading volume of 4,911,876 shares, compared to its average volume of 4,029,379. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The business has a 50-day simple moving average of $150.34 and a two-hundred day simple moving average of $180.18. The firm has a market cap of $74.33 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping 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 company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same period last year, the company posted $2.13 earnings per share. The business's revenue for the quarter 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, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv 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.