Professional Advisory Services Inc. Has $28.83 Million Stock Position in Fiserv, Inc. $FI

Key Points

• Professional Advisory Services Inc. increased its stake in Fiserv, Inc. by 32.8% in the second quarter, owning 167,217 shares valued at approximately $28.83 million.
• Fiserv's stock has seen a recent 0.8% decline, with a current market cap of $71.64 billion and a PE ratio of 22.00.
• Analysts have mixed forecasts on Fiserv's stock, with target prices ranging from $165 to $250, reflecting a consensus target of $207.36.

Professional Advisory Services Inc. increased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 32.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,217 shares of the business services provider's stock after purchasing an additional 41,295 shares during the period. Fiserv makes up 3.9% of Professional Advisory Services Inc.'s holdings, making the stock its 5th biggest holding. Professional Advisory Services Inc.'s holdings in Fiserv were worth $28,830,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after acquiring an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares in the last quarter. Nuveen LLC bought a new position in Fiserv in the 1st quarter worth about $1,722,584,000. Finally, Alliancebernstein L.P. increased its stake in Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after acquiring an additional 287,420 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent research reports. Tigress Financial raised their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Mizuho cut their price objective on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 target price on the stock. Finally, UBS Group decreased their target price on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Price Performance

Shares of Fiserv stock traded down $1.43 on Monday, hitting $130.37. 7,526,139 shares of the company were exchanged, compared to its average volume of 4,446,020. The stock has a market capitalization of $70.87 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. 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 company has a 50-day moving average price of $140.59 and a 200 day moving average price of $171.00. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $2.13 earnings per share. 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 earnings per share 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.