Fiserv, Inc. $FI Holdings Boosted by Balefire LLC

Key Points

• Balefire LLC increased its stake in Fiserv, Inc. by 29.6% during the 2nd quarter, bringing its total holding to 18,161 shares valued at over $3 million.
• A number of analysts have adjusted their price targets for Fiserv, with ranges from $165.00 to $268.00, indicating a consensus rating of "Moderate Buy" and a target price of $207.36.
• Fiserv reported $2.47 earnings per share, exceeding expectations, with a revenue of $5.20 billion, representing an 8.0% increase compared to the previous year.

Balefire LLC boosted its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 29.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,161 shares of the business services provider's stock after acquiring an additional 4,152 shares during the period. Balefire LLC's holdings in Fiserv were worth $3,131,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vega Investment Solutions bought a new position in Fiserv in the fourth quarter worth about $25,000. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after acquiring an additional 126 shares during the last quarter. Park Square Financial Group LLC bought a new position in Fiserv in the fourth quarter worth about $28,000. Abound Financial LLC bought a new stake in shares of Fiserv during the first quarter valued at approximately $38,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after buying an additional 142 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Fiserv stock traded down $1.35 during mid-day trading on Thursday, hitting $132.83. The company's stock had a trading volume of 3,237,761 shares, compared to its average volume of 3,664,421. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $72.21 billion, a P/E ratio of 22.18, a P/E/G ratio of 0.87 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The stock's fifty day moving average price is $141.26 and its two-hundred day moving average price is $172.35.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion for 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 firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FI shares. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price target on the stock. Tigress Financial lifted their price target on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Keefe, Bruyette & Woods cut their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Finally, Barclays set a $175.00 price target on Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Fiserv presently 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.