Hudson Edge Investment Partners Inc. Acquires 7,747 Shares of Fiserv, Inc. $FI

Key Points

• Hudson Edge Investment Partners Inc. increased its stake in Fiserv, Inc. by 25.9%, now holding a total of 37,691 shares, which is valued at approximately $6.5 million.
• Several institutional investors, including Vanguard Group and JPMorgan Chase, have also modified their positions in Fiserv, with 90.98% of shares now owned by institutional investors.
• Analysts have mixed price target revisions for Fiserv, with JPMorgan cutting its target from $210.00 to $190.00, while the consensus target price stands at $205.96.

Hudson Edge Investment Partners Inc. lifted its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 25.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,691 shares of the business services provider's stock after purchasing an additional 7,747 shares during the quarter. Fiserv accounts for about 1.1% of Hudson Edge Investment Partners Inc.'s investment portfolio, making the stock its 27th biggest holding. Hudson Edge Investment Partners Inc.'s holdings in Fiserv were worth $6,498,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after buying an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fiserv by 77.2% during 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 purchasing an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Fiserv by 3.2% during 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 purchasing an additional 253,544 shares during the period. Nuveen LLC purchased a new stake in Fiserv in the first quarter worth approximately $1,722,584,000. Finally, Alliancebernstein L.P. boosted its holdings in Fiserv by 5.3% in the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after purchasing an additional 287,420 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FI shares. JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Susquehanna reduced their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday, July 24th. Jefferies Financial Group lowered their target price on Fiserv from $140.00 to $130.00 and set a "hold" rating on the stock in a report on Monday. 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. Finally, Truist Financial upped their price target on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.96.

Fiserv Stock Performance

FI opened at $125.63 on Friday. The company has a 50 day simple moving average of $134.88 and a two-hundred day simple moving average of $166.29. 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 firm has a market cap of $68.29 billion, a P/E ratio of 20.97, a PEG ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 1-year low of $124.89 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced 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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the firm earned $2.13 EPS. The company's revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.

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