LGT Fund Management Co Ltd. Purchases New Holdings in Fiserv, Inc. $FI

Key Points

• LGT Fund Management Co Ltd. acquired a new stake in Fiserv, Inc. worth approximately $869,000, purchasing 5,043 shares during the second quarter.
• Wall Street analysts show varied opinions on Fiserv's stock, with one "Strong Buy," twenty-one "Buy" ratings, and an average target price set at $205.96.
• Fiserv reported earnings of $2.47 EPS for the latest quarter, surpassing analysts' expectations, as revenue increased by 8% year-over-year.

LGT Fund Management Co Ltd. purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,043 shares of the business services provider's stock, valued at approximately $869,000.

Several other institutional investors have also made changes to their positions in FI. Activest Wealth Management boosted its stake in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after buying an additional 126 shares during the period. Christopher J. Hasenberg Inc boosted its stake in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after buying an additional 142 shares during the period. Armstrong Advisory Group Inc. boosted its stake in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock valued at $37,000 after buying an additional 136 shares during the period. Abound Financial LLC bought a new stake in Fiserv during the first quarter worth $38,000. Finally, Saudi Central Bank bought a new stake in Fiserv during the first quarter worth $49,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FI has been the subject of several recent analyst reports. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Wall Street Zen upgraded Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Robert W. Baird cut their target price on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Stephens cut their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, Jefferies Financial Group cut their target price on Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $205.96.

Fiserv Stock Performance

Shares of FI stock opened at $127.56 on Friday. The business's 50-day moving average price is $134.59 and its 200-day moving average price is $165.29. Fiserv, Inc. has a 12 month low of $124.89 and a 12 month high of $238.59. The firm has a market capitalization of $69.34 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 0.83 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

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 analysts' consensus estimates of $2.43 by $0.04. The firm 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 business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm 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 EPS for the current year.

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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