Caisse DE Depot ET Placement DU Quebec Acquires 72,842 Shares of Fiserv, Inc. $FI

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its position in Fiserv, Inc. by 31.9%, owning 301,530 shares worth approximately $66.6 million after acquiring an additional 72,842 shares in the first quarter.
• Analysts have adjusted their price targets for Fiserv, with Mizuho lowering it from $194 to $165, while Tigress Financial raised its target to $250, indicating varied expectations for the stock's performance.
• Fiserv reported earnings per share (EPS) of $2.47 for the latest quarter, beating analyst estimates and showing an 8.0% increase in revenue year-over-year.

Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 31.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 301,530 shares of the business services provider's stock after acquiring an additional 72,842 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of Fiserv worth $66,587,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FI. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after acquiring an additional 2,033 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Fiserv by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after buying an additional 44 shares in the last quarter. Quarry LP raised its holdings in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Fiserv by 19.5% during the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock worth $1,274,984,000 after buying an additional 1,014,126 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Fiserv by 508.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 156,538 shares of the business services provider's stock worth $32,156,000 after buying an additional 130,807 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Up 0.3%

NYSE:FI traded up $0.44 on Friday, hitting $138.09. The stock had a trading volume of 3,769,126 shares, compared to its average volume of 4,447,226. The business's fifty day moving average is $152.21 and its 200 day moving average is $182.43. The company has a market cap of $75.07 billion, a PE ratio of 23.05, a P/E/G ratio of 0.90 and a beta of 0.91. 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 $128.22 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data 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. The firm 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%.The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $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 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen raised Fiserv from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Jefferies Financial Group reduced their price target on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Stephens reduced their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Morgan Stanley reduced their price target on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. reduced their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Fiserv has an average rating of "Moderate Buy" and a consensus target price of $207.36.

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.