Nippon Life Global Investors Americas Inc. Grows Holdings in Fiserv, Inc. $FI

Key Points

• Nippon Life Global Investors Americas Inc. has increased its stake in Fiserv, Inc. by 6.7%, acquiring an additional 19,560 shares, bringing its total holdings to 313,680 shares, which represents around 3.4% of its portfolio.
• Several institutional investors have recently adjusted their positions in Fiserv, contributing to 90.98% of the company's stock being owned by institutional investors.
• Equities research analysts have set varied price targets for Fiserv, with an average target of $207.36 and a majority giving it a "Buy" rating, indicating positive market outlook.

Nippon Life Global Investors Americas Inc. lifted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,680 shares of the business services provider's stock after buying an additional 19,560 shares during the quarter. Fiserv makes up approximately 3.4% of Nippon Life Global Investors Americas Inc.'s portfolio, making the stock its 6th biggest holding. Nippon Life Global Investors Americas Inc. owned approximately 0.06% of Fiserv worth $69,270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Nuveen LLC purchased a new stake in Fiserv in the first quarter valued at approximately $1,722,584,000. JPMorgan Chase & Co. raised 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 purchasing an additional 6,691,703 shares in the last quarter. GAMMA Investing LLC raised its stake in Fiserv by 21,681.0% in the first quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after purchasing an additional 3,804,358 shares in the last quarter. GQG Partners LLC purchased a new stake in Fiserv in the first quarter valued at approximately $265,769,000. Finally, Pictet Asset Management Holding SA raised its stake in Fiserv by 29.4% in the first quarter. Pictet Asset Management Holding SA now owns 2,878,455 shares of the business services provider's stock valued at $635,308,000 after purchasing an additional 654,228 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.9%

Shares of Fiserv stock traded down $1.22 on Friday, hitting $134.96. The stock had a trading volume of 3,574,503 shares, compared to its average volume of 3,719,014. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The stock has a market cap of $73.36 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 0.88 and a beta of 0.94. The stock's 50-day simple moving average is $148.21 and its two-hundred day simple moving average is $177.74.

Fiserv (NYSE:FI - Get Free Report) last issued 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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter last year, the business earned $2.13 earnings per share. The business's 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 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. UBS Group lowered their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods decreased their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Finally, Barclays set a $175.00 price target on shares of Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.