FORA Capital LLC Invests $6.90 Million in Fiserv, Inc. $FI

Key Points

• FORA Capital LLC invested approximately $6.90 million in Fiserv, Inc., acquiring 31,242 shares, which represents 0.7% of its total holdings.
• Fiserv has received several adjustments from analysts, with target prices ranging from $165.00 to $266.00, and an average rating of "Moderate Buy".
• Fiserv, Inc. reported earnings of $2.47 per share for the latest quarter, surpassing analyst expectations, while projecting a fiscal year 2025 EPS guidance of 10.150-10.30.

FORA Capital LLC purchased a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,242 shares of the business services provider's stock, valued at approximately $6,899,000. Fiserv makes up about 0.7% of FORA Capital LLC's investment portfolio, making the stock its 28th largest holding.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after acquiring an additional 2,033 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after buying an additional 44 shares during the last quarter. Quarry LP raised its holdings in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Fiserv by 19.5% during the fourth quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock valued at $1,274,984,000 after buying an additional 1,014,126 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in Fiserv by 508.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 156,538 shares of the business services provider's stock worth $32,156,000 after purchasing an additional 130,807 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. KeyCorp lowered their price objective on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Finally, Mizuho lowered their price target on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Stock Up 0.3%

Shares of FI stock traded up $0.44 on Friday, hitting $138.09. The company's stock had a trading volume of 3,769,126 shares, compared to its average volume of 4,447,226. 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, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The firm's fifty day moving average price is $152.21 and its 200-day moving average price is $182.43. The stock has a market capitalization of $75.07 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 0.90 and a beta of 0.91.

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 for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during 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%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts anticipate 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.