Livforsakringsbolaget Skandia Omsesidigt Increases Stock Holdings in Fiserv, Inc. $FI

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Fiserv, Inc. by 39.2%, holding 69,121 shares valued at approximately $11.9 million as of the end of the second quarter.
• Fiserv reported a quarterly earnings per share (EPS) of $2.47, exceeding expectations, with revenue of $5.20 billion, marking an 8% increase year-over-year.
• Analysts have adjusted their price targets for Fiserv, with some lowering them significantly; the current average target price is around $207.36, indicating a "Moderate Buy" consensus rating.

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 39.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,121 shares of the business services provider's stock after buying an additional 19,450 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Fiserv were worth $11,917,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FI. Vega Investment Solutions purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC bought a new stake in Fiserv during the fourth quarter worth $28,000. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after acquiring an additional 126 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. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 1.2%

Shares of FI stock opened at $132.75 on Tuesday. The company's fifty day simple moving average is $143.49 and its two-hundred day simple moving average is $173.63. 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, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The stock has a market capitalization of $72.16 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 0.87 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FI. Stephens dropped their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Keefe, Bruyette & Woods dropped their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Robert W. Baird dropped their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Tigress Financial lifted their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, KeyCorp dropped their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. 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. Based on data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and an average target price 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.

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