Park Place Capital Corp Increases Stake in Fiserv, Inc. $FI

Key Points

• Park Place Capital Corp increased its holdings in Fiserv, Inc. by 64.6% in the second quarter, acquiring an additional 3,402 shares, bringing its total to 8,665 shares valued at approximately $1.5 million.
• Fiserv reported a net margin of 16% and earnings per share (EPS) of $2.47 for the last quarter, exceeding analyst expectations of $2.43.
• Major analysts have upgraded Fiserv's stock rating, with a consensus rating of "Moderate Buy" and a target price of $205.96.

Park Place Capital Corp boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 64.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,665 shares of the business services provider's stock after buying an additional 3,402 shares during the quarter. Park Place Capital Corp's holdings in Fiserv were worth $1,496,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management raised its position in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after buying an additional 126 shares during the last quarter. Christopher J. Hasenberg Inc raised its position in Fiserv by 218.5% during the 2nd 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 last quarter. Armstrong Advisory Group Inc. raised its position in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after buying an additional 136 shares during the last quarter. Abound Financial LLC purchased a new position in Fiserv during the 1st quarter worth approximately $38,000. Finally, Saudi Central Bank purchased a new position in Fiserv during the 1st quarter worth approximately $49,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.5%

Shares of FI opened at $130.17 on Tuesday. Fiserv, Inc. has a 52-week low of $128.08 and a 52-week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm's fifty day moving average is $136.25 and its two-hundred day moving average is $167.48. The stock has a market cap of $70.76 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last announced 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 company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The firm'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. Research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. Wall Street Zen raised shares of Fiserv from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Susquehanna cut their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday, July 24th. Robert W. Baird cut their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. UBS Group cut their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently 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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