Generate Investment Management Ltd Buys 133,846 Shares of Fiserv, Inc. $FI

Key Points

• Generate Investment Management Ltd significantly increased its stake in Fiserv, Inc. by 352.5% during Q2, purchasing an additional 133,846 shares, now holding a total of 171,821 shares valued at approximately $29.6 million.
• Wall Street analysts have adjusted their price targets for Fiserv, with estimates ranging from $185.00 to $220.00 and a consensus rating of "Moderate Buy".
• Fiserv reported earnings of $2.47 per share for Q2, slightly exceeding expectations, and revenue growth of 8.0% year-over-year, signaling strong performance amidst market fluctuations.

Generate Investment Management Ltd increased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 352.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,821 shares of the business services provider's stock after buying an additional 133,846 shares during the period. Fiserv accounts for about 1.6% of Generate Investment Management Ltd's holdings, making the stock its 18th largest holding. Generate Investment Management Ltd's holdings in Fiserv were worth $29,624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Activest Wealth Management increased its holdings in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after acquiring an additional 126 shares in the last quarter. Christopher J. Hasenberg Inc grew its position in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Abound Financial LLC purchased a new position in Fiserv in the first quarter worth about $38,000. Finally, Saudi Central Bank bought a new position in shares of Fiserv in the first quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Susquehanna reduced their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday, July 24th. Truist Financial upped their price target on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. dropped their price objective 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, KeyCorp decreased their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Stock Performance

NYSE FI opened at $129.55 on Monday. The business has a 50-day moving average price of $136.95 and a 200-day moving average price of $168.07. The firm has a market cap of $70.42 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $128.08 and a twelve month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

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 for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the prior 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 fiscal year.

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.

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