Plato Investment Management Ltd Reduces Position in Fiserv, Inc. $FI

Key Points

• Plato Investment Management Ltd reduced its stake in Fiserv, Inc. by 21.4%, selling 5,438 shares in the first quarter, bringing its total holdings to 19,944 shares, worth approximately $4.45 million.
• Institutional investors collectively own 90.98% of Fiserv's stock, with significant stakes recently adjusted by firms including Vanguard Group and JPMorgan Chase & Co..
• Fiserv's stock currently has an average rating of "Moderate Buy" with a price target of $207.36, as analysts project earnings per share of $10.23 for the current year.

Plato Investment Management Ltd lessened its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 21.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,944 shares of the business services provider's stock after selling 5,438 shares during the period. Plato Investment Management Ltd's holdings in Fiserv were worth $4,452,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FI. Vega Investment Solutions acquired a new position in shares of Fiserv during the 4th quarter valued at $25,000. Park Square Financial Group LLC acquired a new position in shares of Fiserv during the 4th quarter valued at $28,000. Activest Wealth Management increased its stake in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares in the last quarter. Abound Financial LLC bought a new stake in Fiserv during the 1st quarter valued at $38,000. Finally, Saudi Central Bank bought a new stake in Fiserv during the 1st quarter valued at $49,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Tigress Financial boosted their price target on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Stephens decreased their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Keefe, Bruyette & Woods decreased their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Finally, UBS Group decreased their price target on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.36.

Fiserv Stock Down 0.9%

Shares of NYSE FI traded down $1.27 during trading on Friday, hitting $134.43. The stock had a trading volume of 2,913,319 shares, compared to its average volume of 3,871,148. 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 $73.08 billion, a PE ratio of 22.44, a PEG ratio of 0.88 and a beta of 0.94. The firm has a fifty day moving average of $144.31 and a two-hundred day moving average of $174.75.

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 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 during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the prior year, the business posted $2.13 EPS. The business's revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.