Kayne Anderson Rudnick Investment Management LLC Reduces Holdings in Fiserv, Inc. $FI

Key Points

• Kayne Anderson Rudnick Investment Management LLC has reduced its stake in Fiserv, Inc. by 10.0%, selling 1,974 shares, which brings its total holdings to 17,745 shares valued at approximately $3.92 million.
• Fiserv's recent quarterly earnings report showed an EPS of $2.47, exceeding analyst expectations, and the company has projected a FY 2025 guidance of between $10.150 and $10.30 EPS.
• Wall Street analysts have mixed ratings on Fiserv, with an average rating of "Moderate Buy" and a consensus price target of $207.08, indicating potential growth despite recent price adjustments.

Kayne Anderson Rudnick Investment Management LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 10.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,745 shares of the business services provider's stock after selling 1,974 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Fiserv were worth $3,919,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after purchasing an additional 2,033 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Fiserv by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after purchasing an additional 44 shares during the last quarter. Quarry LP lifted its holdings 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 purchasing an additional 70 shares during the last quarter. Northern Trust Corp raised its stake in Fiserv by 19.5% in the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock worth $1,274,984,000 after acquiring an additional 1,014,126 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in Fiserv by 508.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 156,538 shares of the business services provider's stock worth $32,156,000 after acquiring an additional 130,807 shares during the last quarter. 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. 3,769,126 shares of the company traded hands, compared to its average volume of 4,447,226. 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 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 $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 posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating 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 company 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 company's revenue for the quarter 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.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group lowered their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. decreased their price objective on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Robert W. Baird decreased their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Finally, Morgan Stanley cut their price objective on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. One 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, the stock has an average rating of "Moderate Buy" and a consensus price target 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.