Fiserv, Inc. $FI Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its holdings in Fiserv, Inc. by 73.2% during Q1, acquiring an additional 100,828 shares, now totaling 238,532 shares worth approximately $52.68 million.
• Fiserv reported $2.47 EPS for the most recent quarter, surpassing estimates and showing an 8% year-over-year revenue growth.
• Equities analysts have set a new average target price of $207.36 for Fiserv, with one "Strong Buy," twenty-one "Buys," and two "Holds" ratings.

Vident Advisory LLC increased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 73.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,532 shares of the business services provider's stock after buying an additional 100,828 shares during the period. Fiserv accounts for approximately 0.8% of Vident Advisory LLC's portfolio, making the stock its 22nd largest holding. Vident Advisory LLC's holdings in Fiserv were worth $52,675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vega Investment Solutions purchased a new stake in Fiserv during the fourth quarter valued at about $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv in the fourth quarter worth about $28,000. Abound Financial LLC bought a new stake in shares of Fiserv in the first quarter worth about $38,000. Quarry LP grew its stake in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Fiserv during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 1.0%

Shares of NYSE:FI traded down $1.44 during trading on Tuesday, reaching $136.74. 4,911,843 shares of the company were exchanged, compared to its average volume of 4,449,661. The firm has a market capitalization of $74.33 billion, a PE ratio of 22.83, a P/E/G ratio of 0.90 and a beta of 0.94. The business's fifty day simple moving average is $151.06 and its 200-day simple moving average is $180.49. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. The company 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%. Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. KeyCorp dropped their target price on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Mizuho dropped their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. The Goldman Sachs Group dropped their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Company 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.