Fiserv, Inc. $FI Position Increased by AMI Investment Management Inc.

Key Points

• AMI Investment Management Inc. increased its stake in Fiserv, Inc. by 10.6% during the 2nd quarter, owning 23,506 shares now valued at $4,053,000.
• Several hedge funds, including Sowell Financial Services LLC and Gotham Asset Management LLC, also raised their holdings in Fiserv, indicating increasing institutional interest with 90.98% of the company owned by institutional investors.
• Analysts have lowered their target prices for Fiserv, with the average consensus target price now at $205.96, while the stock has recently experienced a slight decrease of 0.1% to open at $126.51.

AMI Investment Management Inc. increased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,506 shares of the business services provider's stock after purchasing an additional 2,261 shares during the period. Fiserv accounts for 1.0% of AMI Investment Management Inc.'s portfolio, making the stock its 28th largest position. AMI Investment Management Inc.'s holdings in Fiserv were worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC lifted its holdings in shares of Fiserv by 9.7% in the 2nd 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 raised its stake in Fiserv by 7.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider's stock valued at $257,000 after acquiring an additional 106 shares in the last quarter. Gotham Asset Management LLC raised its stake in Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock valued at $16,490,000 after acquiring an additional 3,809 shares in the last quarter. Deltec Asset Management LLC bought a new stake in Fiserv during the 2nd quarter valued at $1,034,000. Finally, Jacobs & Co. CA raised its stake in Fiserv by 26.5% during the 2nd 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 in the last quarter. Institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. 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. Stephens cut their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Jefferies Financial Group cut their target price on Fiserv from $140.00 to $130.00 and set a "hold" rating on the stock in a research note on Monday, September 29th. Morgan Stanley cut their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fiserv in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and a consensus target price of $205.96.

Fiserv Stock Down 0.1%

Shares of FI stock opened at $126.51 on Thursday. Fiserv, Inc. has a 1 year low of $124.89 and a 1 year high of $238.59. The stock has a market cap of $68.77 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The business's fifty day moving average is $133.69 and its 200-day moving average is $163.73. 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 issued 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 company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities 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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