Geneos Wealth Management Inc. Boosts Holdings in Fiserv, Inc. $FI

Key Points

• Geneos Wealth Management Inc. increased its stake in Fiserv, Inc. by 10.4%, owning 38,273 shares valued at $8.45 million as of the latest reporting period.
• Institutional investors and hedge funds now own 90.98% of Fiserv's stock, highlighting significant confidence in the company's performance.
• Fiserv recently reported earnings of $2.47 per share, exceeding analysts' expectations, and has set a FY 2025 EPS guidance between 10.150 and 10.30.

Geneos Wealth Management Inc. raised its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 10.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,273 shares of the business services provider's stock after acquiring an additional 3,618 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Fiserv were worth $8,452,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after acquiring an additional 535,407 shares during the period. JPMorgan Chase & Co. lifted its holdings in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after acquiring an additional 253,544 shares during the period. Nuveen LLC acquired a new position in shares of Fiserv during the 1st quarter worth $1,722,584,000. Finally, Nuveen Asset Management LLC raised its stake in shares of Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after buying an additional 340,938 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Price Performance

Fiserv stock traded down $1.27 during midday trading on Friday, reaching $134.43. 2,913,319 shares of the company were exchanged, compared to its average volume of 3,871,148. The company has a market capitalization of $73.08 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 0.88 and a beta of 0.94. The firm's 50-day simple moving average is $144.31 and its 200-day simple moving average is $174.75. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS 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 analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FI shares. Morgan Stanley cut their price target on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Mizuho cut their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, July 29th. Stephens cut their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. JPMorgan Chase & Co. cut their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv 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.