Fiserv, Inc. $FI Shares Sold by Point72 Europe London LLP

Key Points

• Point72 Europe London LLP reduced its stake in Fiserv, Inc. by 3.9%, now owning 103,950 shares valued at approximately $22.96 million.
• Wall Street analysts have lowered their price targets for Fiserv, with KeyCorp and UBS Group both reducing their target to $200.00 and $170.00 respectively, signalling a shift in sentiment.
• Fiserv reported earnings of $2.47 per share, exceeding expectations, while its revenue for the quarter was $5.20 billion, indicating an 8% year-over-year growth.

Point72 Europe London LLP decreased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,950 shares of the business services provider's stock after selling 4,250 shares during the quarter. Fiserv makes up 1.6% of Point72 Europe London LLP's portfolio, making the stock its 13th biggest position. Point72 Europe London LLP's holdings in Fiserv were worth $22,955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rappaport Reiches Capital Management LLC raised its stake in Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock valued at $282,000 after buying an additional 48 shares in the last quarter. Adero Partners LLC raised its stake in Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after buying an additional 55 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock valued at $323,000 after buying an additional 55 shares in the last quarter. Oakworth Capital Inc. raised its stake in Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock valued at $235,000 after buying an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock valued at $206,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FI shares. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Barclays set a $175.00 price objective on Fiserv and gave the company an "overweight" rating in a research note on Monday, July 28th. Truist Financial upped their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Mizuho lowered their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Finally, Stephens lowered their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. One 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $207.36.

Fiserv Stock Performance

FI stock traded down $1.44 on Tuesday, reaching $136.74. The company's stock had a trading volume of 4,911,876 shares, compared to its average volume of 4,029,379. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59. The company has a market capitalization of $74.33 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The firm has a fifty day moving average of $150.34 and a two-hundred day moving average of $180.18. 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 issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same period in the prior year, the company posted $2.13 EPS. The business's revenue for the quarter 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, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.