Knights of Columbus Asset Advisors LLC Has $5.44 Million Stake in Fiserv, Inc. $FI

Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1,009.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,569 shares of the business services provider's stock after purchasing an additional 28,723 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Fiserv were worth $5,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rappaport Reiches Capital Management LLC lifted its stake in Fiserv by 3.9% in the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock valued at $282,000 after buying an additional 48 shares in the last quarter. Adero Partners LLC lifted its position in Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after acquiring an additional 55 shares in the last quarter. E Fund Management Co. Ltd. boosted its stake in Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock worth $323,000 after purchasing an additional 55 shares during the period. Oakworth Capital Inc. increased its holdings in Fiserv by 5.6% during the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after purchasing an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock worth $206,000 after purchasing an additional 56 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FI stock opened at $127.56 on Monday. The company has a fifty day moving average price of $134.59 and a two-hundred day moving average price of $164.90. Fiserv, Inc. has a one year low of $124.89 and a one year high of $238.59. The stock has a market cap of $69.34 billion, a P/E ratio of 21.30, a P/E/G ratio of 0.83 and a beta of 0.95. 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 (NYSE:FI - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the prior year, the firm earned $2.13 EPS. Fiserv'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. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FI shares. 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. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Stephens decreased their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Fiserv in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and an average target price of $205.96.

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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