Fiserv, Inc. $FI Shares Acquired by L. Roy Papp & Associates LLP

Key Points

• L. Roy Papp & Associates LLP increased its holdings in Fiserv, Inc. by 11.9% during Q2, acquiring 7,165 additional shares, bringing their total to 67,131 shares valued at approximately $11.57 million.
• Fiserv reported $2.47 EPS for Q2, exceeding analyst estimates of $2.43, and achieved an 8% year-over-year revenue increase with total revenue of $5.20 billion.
• Analysts have adjusted price targets for Fiserv's stock, with Jefferies reducing its target from $140 to $130 while the average consensus price target is $205.96.

L. Roy Papp & Associates LLP grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,131 shares of the business services provider's stock after purchasing an additional 7,165 shares during the quarter. Fiserv makes up approximately 1.4% of L. Roy Papp & Associates LLP's portfolio, making the stock its 22nd largest holding. L. Roy Papp & Associates LLP's holdings in Fiserv were worth $11,574,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Activest Wealth Management grew its position in shares of 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 purchasing an additional 126 shares during the last quarter. Abound Financial LLC acquired a new stake in shares of Fiserv in the first quarter valued at approximately $38,000. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the second quarter valued at approximately $34,000. Christopher J. Hasenberg Inc boosted its position in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after acquiring an additional 142 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after acquiring an additional 136 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

FI opened at $125.92 on Friday. The company has a 50-day moving average of $133.43 and a 200-day moving average of $163.07. The company has a market capitalization of $68.45 billion, a P/E ratio of 21.02, a PEG ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 1-year low of $124.89 and a 1-year high of $238.59. 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 posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating 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 business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same period in the previous year, the business posted $2.13 EPS. The company's quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on FI shares. Jefferies Financial Group decreased their target price on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating on the stock in a research report on Monday, September 29th. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. KeyCorp cut their price target on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Finally, Susquehanna cut their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $205.96.

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.

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