Ieq Capital LLC Lowers Stake in Fiserv, Inc. $FI

Key Points

• Ieq Capital LLC reduced its stake in Fiserv, Inc. by 30.5%, selling 9,692 shares in the first quarter and now holds 22,102 shares valued at approximately $4.88 million.
• Multiple institutional investors have recently acquired new stakes in Fiserv, with institutional ownership now at 90.98%, signaling strong investment interest in the company.
• An earnings report showed Fiserv beat analysts' estimates with an EPS of $2.47 for the quarter, and revenue growth of 8% year-over-year, while setting FY 2025 guidance at 10.150-10.30 EPS.

Ieq Capital LLC decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 30.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,102 shares of the business services provider's stock after selling 9,692 shares during the period. Ieq Capital LLC's holdings in Fiserv were worth $4,881,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vega Investment Solutions purchased a new stake in Fiserv in the 4th quarter valued at about $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv in the 4th quarter valued at about $28,000. Abound Financial LLC bought a new position in shares of Fiserv during the 1st quarter valued at approximately $38,000. Quarry LP grew its position in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

NYSE:FI traded down $1.44 during trading hours on Tuesday, hitting $136.74. The stock had a trading volume of 4,911,876 shares, compared to its average volume of 4,450,029. The company has a 50 day simple moving average of $151.06 and a two-hundred day simple moving average of $180.49. 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 one year low of $128.22 and a one year high of $238.59. The firm has a market capitalization of $74.33 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 0.90 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the firm earned $2.13 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FI. Tigress Financial increased their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. UBS Group reduced their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Barclays set a $175.00 target price on shares of Fiserv and gave the company an "overweight" rating in a research report on Monday, July 28th. Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Finally, Susquehanna cut their price objective on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

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.