Punch & Associates Investment Management Inc. Sells 21,989 Shares of Fiserv, Inc. $FI

Key Points

• Punch & Associates Investment Management Inc. reduced its holdings in Fiserv, Inc. by 20.4% during the 1st quarter, now owning 85,885 shares valued at approximately $18.97 million.
• Fiserv reported $2.47 EPS for the last quarter, exceeding analysts' estimates of $2.43 and indicating an 8% year-over-year revenue growth.
• Institutional investors control about 90.98% of Fiserv shares, with several firms, including Vega Investment Solutions and Activest Wealth Management, recently increasing or acquiring stakes in the company.

Punch & Associates Investment Management Inc. lessened its position in Fiserv, Inc. (NYSE:FI - Free Report) by 20.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 85,885 shares of the business services provider's stock after selling 21,989 shares during the period. Fiserv makes up about 1.2% of Punch & Associates Investment Management Inc.'s holdings, making the stock its 19th largest position. Punch & Associates Investment Management Inc.'s holdings in Fiserv were worth $18,966,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FI. Vega Investment Solutions acquired a new stake in Fiserv in the 4th quarter valued at $25,000. Activest Wealth Management lifted its stake in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after buying an additional 126 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $28,000. Abound Financial LLC bought a new stake in shares of Fiserv during the first quarter worth about $38,000. Finally, Saudi Central Bank bought a new stake in shares of Fiserv during the first quarter worth about $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of NYSE:FI traded up $1.01 during trading on Tuesday, hitting $136.22. 4,123,148 shares of the company were exchanged, compared to its average volume of 3,801,657. The company has a market cap of $74.05 billion, a PE ratio of 22.74, a P/E/G ratio of 0.88 and a beta of 0.94. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week 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 $146.73 and a 200 day moving average of $176.77.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data 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. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same period in the previous year, the company posted $2.13 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FI. Keefe, Bruyette & Woods cut their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. UBS Group dropped their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Tigress Financial upped their price objective on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 target price for the company. Finally, Stephens lowered their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.36.

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.