Gallacher Capital Management LLC Buys New Position in Fiserv, Inc. $FI

Key Points

• Gallacher Capital Management LLC acquired a new stake in Fiserv, purchasing 2,001 shares valued at approximately $345,000 in the second quarter.
• Multiple institutional investors significantly increased their holdings in Fiserv, with Brighton Jones LLC boosting its stake by 91.9% in the last quarter.
• Wall Street analysts maintain a generally optimistic outlook for Fiserv, with an average rating of "Moderate Buy" and a target price of $207.36.

Gallacher Capital Management LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,001 shares of the business services provider's stock, valued at approximately $345,000.

A number of other institutional investors have also modified their holdings of FI. Vega Investment Solutions purchased a new stake in shares of Fiserv during the 4th quarter worth about $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the 4th quarter worth about $28,000. Activest Wealth Management grew its holdings in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after purchasing an additional 126 shares during the period. Abound Financial LLC acquired a new position in Fiserv during the 1st quarter worth approximately $38,000. Finally, Saudi Central Bank acquired a new position in Fiserv during the 1st quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of FI stock traded down $1.08 on Friday, hitting $131.79. 10,593,503 shares of the stock traded hands, compared to its average volume of 3,646,586. 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 company has a market capitalization of $71.64 billion, a PE ratio of 22.00, a PEG ratio of 0.87 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The company's fifty day moving average is $140.59 and its 200 day moving average is $171.72.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results 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 business 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 business's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FI has been the topic of several recent research reports. Truist Financial boosted their price target on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen raised Fiserv from a "hold" rating to a "buy" rating in a research report on Saturday. Stephens reduced their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. JPMorgan Chase & Co. reduced their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Mizuho reduced their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 29th. One 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 assigned a Sell rating to the stock. According to MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and a consensus 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.