Martingale Asset Management L P Invests $639,000 in Fiserv, Inc. $FI

Key Points

• Martingale Asset Management L P acquired 2,893 shares of Fiserv, Inc. valued at approximately $639,000, according to a recent 13F filing with the SEC.
• Significant increases in holdings have been reported by major investors, including JPMorgan Chase & Co. and GAMMA Investing LLC, expanding their stakes by 77.2% and 21,681.0%, respectively, in the first quarter.
• Fiserv's recent quarterly earnings report showed $2.47 EPS, exceeding estimates, with projected FY 2025 guidance set between $10.150 and $10.30 EPS.

Martingale Asset Management L P acquired a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,893 shares of the business services provider's stock, valued at approximately $639,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after acquiring an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares during the last quarter. Nuveen LLC acquired a new position in Fiserv during the 1st quarter worth $1,722,584,000. Finally, Nuveen Asset Management LLC lifted its holdings in Fiserv by 5.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after buying an additional 340,938 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Ratings Changes

FI has been the topic of several recent research reports. Robert W. Baird decreased 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 upped their target price on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Stephens lowered their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. cut their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Trading Down 0.0%

Shares of Fiserv stock traded down $0.04 during trading hours on Friday, hitting $137.61. The company's stock had a trading volume of 2,327,430 shares, compared to its average volume of 4,437,766. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. 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 company has a market capitalization of $74.80 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91. The stock has a 50 day moving average of $152.21 and a 200 day moving average of $182.43.

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 analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the prior year, the business earned $2.13 EPS. Fiserv's revenue for the quarter was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.