Federation des caisses Desjardins du Quebec Has $17.49 Million Stake in Fiserv, Inc. $FI

Key Points

• Federation des caisses Desjardins du Quebec reduced its stake in Fiserv, Inc. by 6.3%, now owning 79,160 shares valued at approximately $17.5 million.
• Fiserv reported $5.20 billion in revenue and $2.47 EPS for the recent quarter, exceeding analyst expectations.
• Institutional ownership of Fiserv is high at 90.98%, with various firms adjusting their positions, indicating ongoing interest in the stock.

Federation des caisses Desjardins du Quebec cut its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,160 shares of the business services provider's stock after selling 5,307 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Fiserv were worth $17,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Rappaport Reiches Capital Management LLC raised its stake in shares of Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after buying an additional 48 shares during the last quarter. Adero Partners LLC raised its stake in shares of Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after buying an additional 55 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in shares of Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock worth $323,000 after buying an additional 55 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after buying an additional 56 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock worth $206,000 after buying an additional 56 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. KeyCorp dropped their price target on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. JPMorgan Chase & Co. dropped their price target on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Tigress Financial boosted their price target on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Barclays set a $175.00 price objective on shares of Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Stock Down 0.3%

Shares of Fiserv stock traded down $0.44 on Monday, hitting $134.61. The company had a trading volume of 1,769,448 shares, compared to its average volume of 4,414,548. The firm has a market capitalization of $73.17 billion, a P/E ratio of 22.47, a P/E/G ratio of 0.88 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $128.22 and a twelve 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. The stock has a 50-day moving average of $148.21 and a 200-day moving average of $177.74.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.