Fiserv, Inc. $FI Shares Bought by Diversified Trust Co

Key Points

• Diversified Trust Co increased its holdings in Fiserv, Inc. (NYSE:FI) by 12.3% during the second quarter, owning 60,240 shares valued at $10.39 million.
• Several institutional investors significantly increased their stakes in Fiserv, with Assenagon Asset Management boosting its position by an astonishing 939% to over 2 million shares.
• Fiserv reported quarterly earnings per share of $2.47, surpassing analysts' expectations, and its revenue grew by 8% compared to the previous year.

Diversified Trust Co raised its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 12.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,240 shares of the business services provider's stock after buying an additional 6,605 shares during the quarter. Diversified Trust Co's holdings in Fiserv were worth $10,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Assenagon Asset Management S.A. increased its position in Fiserv by 939.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock worth $351,550,000 after buying an additional 1,842,784 shares during the last quarter. TCV Trust & Wealth Management Inc. acquired a new stake in shares of Fiserv in the second quarter valued at approximately $584,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Fiserv by 29.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 64,371 shares of the business services provider's stock worth $11,096,000 after acquiring an additional 14,700 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Fiserv during the second quarter worth $1,735,000. Finally, IFM Investors Pty Ltd lifted its stake in Fiserv by 1.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 112,144 shares of the business services provider's stock valued at $19,335,000 after acquiring an additional 1,424 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 0.8%

Shares of FI opened at $131.79 on Friday. The company's fifty day moving average is $140.59 and its 200 day moving average is $171.72. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The stock has a market capitalization of $71.64 billion, a PE ratio of 22.00, a P/E/G 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.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the previous year, the business posted $2.13 earnings per share. The business's revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on FI. Truist Financial increased their price target on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. dropped their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Finally, Susquehanna dropped their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday, July 24th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and a consensus price target 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.

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