Woodline Partners LP Has $10.61 Million Holdings in Fiserv, Inc. $FI

Key Points

• Woodline Partners LP increased its stake in Fiserv, Inc. by 40.7% during Q1, now holding 48,065 shares valued at approximately $10.6 million.
• Fiserv reported quarterly earnings of $2.47 per share, surpassing estimates by $0.04, with revenue of $5.20 billion, reflecting an 8% year-over-year growth.
• Analysts have adjusted their price targets for Fiserv, with Robert W. Baird lowering its target from $225 to $185, while the consensus rating remains a Moderate Buy with an average target price of $207.36.

Woodline Partners LP raised its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 40.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,065 shares of the business services provider's stock after acquiring an additional 13,899 shares during the period. Woodline Partners LP's holdings in Fiserv were worth $10,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after acquiring an additional 535,407 shares during the period. JPMorgan Chase & Co. grew its stake in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after acquiring an additional 253,544 shares during the period. Nuveen LLC acquired a new position in Fiserv in the first quarter valued at about $1,722,584,000. Finally, Alliancebernstein L.P. grew its stake in Fiserv by 5.3% in the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock valued at $1,264,178,000 after acquiring an additional 287,420 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on FI. Wall Street Zen cut Fiserv from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Morgan Stanley cut their price target on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Stephens cut their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. 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. Finally, Mizuho cut their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Stock Down 0.9%

FI traded down $1.27 on Friday, hitting $134.43. 2,913,319 shares of the company were exchanged, compared to its average volume of 3,805,741. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a market cap of $73.07 billion, a PE ratio of 22.44, a PEG ratio of 0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock's fifty day moving average is $144.31 and its 200-day moving average is $174.75.

Fiserv (NYSE:FI - Get Free Report) last released its 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. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. Fiserv's 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 research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.