Lecap Asset Management Ltd. Invests $1.19 Million in Fiserv, Inc. $FI

Key Points

• Lecap Asset Management Ltd. has made a significant investment of $1.19 million by acquiring 6,873 shares in Fiserv, Inc. during the 2nd quarter.
• Other institutional investors have also increased their stakes in Fiserv, with a notable 91.9% increase in holdings by Brighton Jones LLC.
• Fiserv reported earnings of $2.47 EPS for the last quarter, exceeding analysts' expectations and indicating an 8% year-over-year revenue increase.

Lecap Asset Management Ltd. bought a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,873 shares of the business services provider's stock, valued at approximately $1,185,000.

Several other hedge funds and other institutional investors have also modified their holdings of FI. Brighton Jones LLC boosted its position 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 worth $872,000 after buying an additional 2,033 shares during the period. Bison Wealth LLC boosted its position in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock worth $472,000 after buying an additional 116 shares during the period. Merit Financial Group LLC boosted its position in Fiserv by 2.3% during the first quarter. Merit Financial Group LLC now owns 20,257 shares of the business services provider's stock valued at $4,473,000 after purchasing an additional 454 shares during the last quarter. RFG Advisory LLC acquired a new stake in Fiserv during the first quarter valued at $275,000. Finally, Unigestion Holding SA acquired a new stake in Fiserv during the first quarter valued at $1,149,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Down 2.2%

Fiserv stock opened at $126.14 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The business's 50-day simple moving average is $135.17 and its 200-day simple moving average is $166.93. The firm has a market capitalization of $68.57 billion, a PE ratio of 21.06, a PEG ratio of 0.84 and a beta of 0.95. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted 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 business had revenue of $5.20 billion for 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 firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on FI. Truist Financial lifted their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Barclays set a $175.00 price objective on Fiserv and gave the company an "overweight" rating in a research report on Monday, July 28th. UBS Group reduced their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. KeyCorp reduced their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Wall Street Zen raised Fiserv from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. One equities research 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $205.96.

Fiserv Company 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.

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