ICONIQ Capital LLC Lowers Stock Holdings in Fiserv, Inc. $FI

Key Points

• ICONIQ Capital LLC reduced its holdings in Fiserv, Inc. by 39.9% in the first quarter, ending with a position valued at $672,000.
• Institutional investors own a significant 90.98% of Fiserv's stock, indicating strong institutional support.
• Despite recent price target reductions from various analysts, Fiserv has a consensus rating of "Moderate Buy" and a price target of $207.08.

ICONIQ Capital LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 39.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,045 shares of the business services provider's stock after selling 2,019 shares during the quarter. ICONIQ Capital LLC's holdings in Fiserv were worth $672,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vega Investment Solutions purchased a new position in shares of Fiserv during the fourth quarter worth about $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv during the fourth quarter worth about $28,000. Abound Financial LLC purchased a new position in shares of Fiserv during the first quarter worth about $38,000. Quarry LP grew its holdings in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Fiserv during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI stock traded up $0.44 during midday trading on Friday, reaching $138.09. 2,745,569 shares of the company traded hands, compared to its average volume of 4,439,518. 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's 50 day simple moving average is $152.21 and its two-hundred day simple moving average is $182.43. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The firm has a market cap of $75.07 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same period last year, the company posted $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. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. KeyCorp lowered their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Robert W. Baird lowered their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Tigress Financial raised their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Barclays set a $175.00 price objective on shares of Fiserv and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective for the company. One investment 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average 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.