Goldman Sachs Group Inc. Has $1.06 Billion Position in Fiserv, Inc. $FI

Key Points

• Goldman Sachs Group Inc. has increased its stake in Fiserv, Inc. by 4.2%, holding approximately 4.78 million shares worth over $1 billion.
• Several other institutional investors have also recently acquired positions in Fiserv, with hedge funds owning 90.98% of the stock.
• Fiserv reported earnings of $2.47 per share for the last quarter, exceeding analyst expectations, while also projecting future earnings of $10.150-10.30 EPS for FY 2025.

Goldman Sachs Group Inc. boosted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,778,795 shares of the business services provider's stock after purchasing an additional 190,527 shares during the quarter. Goldman Sachs Group Inc. owned about 0.86% of Fiserv worth $1,055,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings 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 buying an additional 535,407 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Fiserv by 3.2% in the 1st 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 purchasing an additional 253,544 shares during the period. Nuveen LLC bought a new position in shares of Fiserv in the 1st quarter worth $1,722,584,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Fiserv by 5.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after purchasing an additional 340,938 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 2.5%

Shares of Fiserv stock traded up $3.33 on Thursday, hitting $135.47. The company had a trading volume of 3,856,431 shares, compared to its average volume of 4,432,878. The stock has a 50-day moving average of $145.93 and a 200-day moving average of $176.47. 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 twelve month low of $128.22 and a twelve month high of $238.59. The firm has a market capitalization of $73.64 billion, a P/E ratio of 22.62, a P/E/G ratio of 0.89 and a beta of 0.94.

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, beating the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

FI has been the topic of several analyst reports. KeyCorp cut their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Keefe, Bruyette & Woods cut their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. decreased their price objective on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Finally, Jefferies Financial Group cut their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.