Meiji Yasuda Life Insurance Co Boosts Holdings in Fiserv, Inc. $FI

Key Points

• Meiji Yasuda Life Insurance Co significantly increased its stake in Fiserv, Inc. by 122.4% in the first quarter, holding shares valued at approximately $1.34 million.
• Several large investors, including Brighton Jones LLC and Janus Henderson Group PLC, also raised their stakes in Fiserv, with institutional investors collectively owning nearly 91% of the company.
• Fiserv reported earnings of $2.47 per share for the last quarter, exceeding analyst expectations, and projected earnings guidance of 10.150-10.30 EPS for FY 2025.

Meiji Yasuda Life Insurance Co increased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 122.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,084 shares of the business services provider's stock after buying an additional 3,349 shares during the quarter. Meiji Yasuda Life Insurance Co's holdings in Fiserv were worth $1,344,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Rappaport Reiches Capital Management LLC increased its holdings in Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after buying an additional 48 shares in the last quarter. Adero Partners LLC increased its holdings in Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after buying an additional 55 shares in the last quarter. E Fund Management Co. Ltd. increased its holdings in Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock worth $323,000 after buying an additional 55 shares in the last quarter. Oakworth Capital Inc. increased its holdings in Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after buying an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock worth $206,000 after buying an additional 56 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

Shares of FI stock traded down $1.27 during trading hours on Friday, reaching $134.43. 2,913,319 shares of the company traded hands, compared to its average volume of 3,805,741. 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 cap of $73.07 billion, a P/E ratio of 22.44, a P/E/G ratio of 0.87 and a beta of 0.94. The firm has a 50-day moving average price of $144.31 and a 200 day moving average price of $174.35.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating 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 firm had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the previous year, the firm earned $2.13 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FI has been the subject of a number of recent research reports. Wall Street Zen downgraded Fiserv from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. KeyCorp cut their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Truist Financial boosted their price target on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Robert W. Baird cut their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and an average target price of $207.36.

About Fiserv

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.