KLP Kapitalforvaltning AS boosted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 16.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,836 shares of the business services provider's stock after acquiring an additional 35,000 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Fiserv were worth $43,074,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FI. Sowell Financial Services LLC grew its holdings in shares of Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock worth $610,000 after purchasing an additional 314 shares during the last quarter. Kathmere Capital Management LLC grew its stake in Fiserv by 7.7% during the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider's stock worth $257,000 after buying an additional 106 shares during the last quarter. Gotham Asset Management LLC grew its stake in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after buying an additional 3,809 shares during the last quarter. Deltec Asset Management LLC acquired a new stake in shares of Fiserv during the second quarter worth approximately $1,034,000. Finally, Jacobs & Co. CA raised its stake in shares of Fiserv by 26.5% in the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock valued at $9,308,000 after acquiring an additional 11,322 shares during the last quarter. 90.98% of the stock is owned by institutional investors.
Fiserv Trading Down 1.9%
FI stock opened at $125.08 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a twelve month low of $124.89 and a twelve month high of $238.59. The company has a market cap of $67.99 billion, a P/E ratio of 20.88, a PEG ratio of 0.83 and a beta of 0.95. The business has a fifty day moving average of $134.29 and a 200-day moving average of $164.25.
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, topping analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company's revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.
Analyst Ratings Changes
Several brokerages have recently commented on FI. Stephens reduced their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Jefferies Financial Group cut their price objective on Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a research report on Monday, September 29th. JPMorgan Chase & Co. decreased their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Barclays set a $175.00 target price on Fiserv and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.96.
View Our Latest Report on FI
About Fiserv
(
Free Report)
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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