Fiserv, Inc. $FI Shares Purchased by LS Investment Advisors LLC

Key Points

• LS Investment Advisors LLC increased its holdings in Fiserv, Inc. by 2.8%, owning 119,385 shares worth approximately $20.58 million.
• Over 90% of Fiserv's stock is owned by institutional investors, including significant stakes acquired by Nuveen LLC and JPMorgan Chase & Co..
• Analysts have a consensus rating of "Moderate Buy" on Fiserv, with an average price target of $207.36, although several major banks have adjusted their price targets recently.

LS Investment Advisors LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,385 shares of the business services provider's stock after acquiring an additional 3,242 shares during the quarter. Fiserv accounts for about 3.0% of LS Investment Advisors LLC's investment portfolio, making the stock its 7th largest holding. LS Investment Advisors LLC's holdings in Fiserv were worth $20,583,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FI. Nuveen LLC acquired a new stake in Fiserv during the 1st quarter worth about $1,722,584,000. JPMorgan Chase & Co. boosted its position in Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. GAMMA Investing LLC boosted its position in Fiserv by 21,681.0% during the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after acquiring an additional 3,804,358 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock worth $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider's stock worth $273,916,000 after purchasing an additional 1,247,801 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. KeyCorp cut their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Wall Street Zen raised Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 price target for the company. Truist Financial raised their price target on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $207.36.

Fiserv Stock Down 1.6%

Shares of FI stock opened at $128.49 on Friday. The stock's 50 day simple moving average is $137.68 and its 200 day simple moving average is $169.24. 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, Inc. has a twelve month low of $128.08 and a twelve month high of $238.59. The company has a market capitalization of $69.84 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 0.85 and a beta of 0.94.

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, beating analysts' consensus estimates 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 return on equity of 19.69% and a net margin of 16.00%.The company's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

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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