Mountain Pacific Investment Advisers LLC Decreases Stock Position in Fiserv, Inc. $FI

Key Points

• Mountain Pacific Investment Advisers reduced its stake in Fiserv, Inc. by 2.8% in Q2, owning approximately 425,413 shares valued at $73.35 million, making it the firm's second largest position.
• Fiserv reported earnings per share of $2.47 for the latest quarter, surpassing analysts' estimates, while also revealing an 8.0% year-over-year revenue increase.
• A variety of analysts have recently lowered their price targets for Fiserv, with consensus now at $205.96, despite the stock holding a "Moderate Buy" consensus rating.

Mountain Pacific Investment Advisers LLC cut its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 2.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 425,413 shares of the business services provider's stock after selling 12,091 shares during the period. Fiserv comprises approximately 5.3% of Mountain Pacific Investment Advisers LLC's portfolio, making the stock its 2nd largest position. Mountain Pacific Investment Advisers LLC owned about 0.08% of Fiserv worth $73,345,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after buying an additional 126 shares in the last quarter. Christopher J. Hasenberg Inc increased its holdings 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 worth $36,000 after buying an additional 142 shares during the period. Armstrong Advisory Group Inc. lifted its stake in shares of Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock valued at $37,000 after acquiring an additional 136 shares during the last quarter. Abound Financial LLC purchased a new position in Fiserv in the 1st quarter worth approximately $38,000. Finally, Saudi Central Bank purchased a new position in Fiserv during the 1st quarter valued at about $49,000. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Fiserv stock opened at $126.14 on Thursday. Fiserv, Inc. has a 1 year low of $124.89 and a 1 year high of $238.59. The stock has a market cap of $68.57 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95. The firm has a 50-day moving average of $135.17 and a two-hundred day moving average of $166.93. 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 (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on FI shares. KeyCorp decreased their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Susquehanna decreased their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday, July 24th. Stephens dropped their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Mizuho dropped their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. Finally, Truist Financial upped their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus target price of $205.96.

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.

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