Fiserv, Inc. $FI is Longview Partners Guernsey LTD's Largest Position

Key Points

• Longview Partners Guernsey LTD reduced its stake in Fiserv, Inc. by 23.3% during Q1, holding approximately 2.8 million shares valued at around $621.7 million.
• Multiple investors, including Brighton Jones LLC and Northern Trust Corp, have increased their positions in Fiserv, with institutional investors now owning 90.98% of the company's stock.
• Fiserv reported $2.47 EPS in its latest quarterly results, exceeding expectations and indicating an 8% revenue growth compared to the previous year.

Longview Partners Guernsey LTD cut its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 23.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,815,218 shares of the business services provider's stock after selling 855,767 shares during the quarter. Fiserv comprises 5.0% of Longview Partners Guernsey LTD's portfolio, making the stock its biggest holding. Longview Partners Guernsey LTD owned 0.51% of Fiserv worth $621,685,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after buying an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after buying an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after buying an additional 253,544 shares in the last quarter. Nuveen LLC bought a new position in Fiserv in the first quarter valued at about $1,722,584,000. Finally, Nuveen Asset Management LLC raised its position in Fiserv by 5.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after purchasing an additional 340,938 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FI. Susquehanna lowered 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. 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 note 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 note on Thursday, July 24th. Truist Financial lifted their target price on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. dropped their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Stock Performance

Fiserv stock traded up $0.44 during mid-day trading on Friday, reaching $138.09. 3,769,126 shares of the stock traded hands, compared to its average volume of 4,447,226. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $75.07 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91. The business's 50-day moving average is $152.21 and its 200-day moving average is $182.43. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the business earned $2.13 earnings per share. 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, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.