Public Employees Retirement System of Ohio Lowers Stock Holdings in Fiserv, Inc. $FI

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Fiserv, Inc. by 9.7% in Q2, now holding 237,206 shares worth approximately $40.9 million.
• Meanwhile, several institutional investors have increased their holdings, with JPMorgan Chase & Co. boosting its stake by 77.2% during the same quarter.
• Fiserv's recent earnings report showed a 16.00% net margin and an EPS of $2.47, surpassing analyst expectations.

Public Employees Retirement System of Ohio reduced its position in Fiserv, Inc. (NYSE:FI - Free Report) by 9.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 237,206 shares of the business services provider's stock after selling 25,598 shares during the period. Public Employees Retirement System of Ohio's holdings in Fiserv were worth $40,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after buying an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 buying an additional 253,544 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Fiserv during the 1st quarter worth $1,722,584,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Fiserv by 5.3% during 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 buying an additional 287,420 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE:FI opened at $130.29 on Thursday. 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 firm has a 50-day moving average of $138.45 and a two-hundred day moving average of $169.83. The stock has a market cap of $70.82 billion, a P/E ratio of 21.75, a PEG ratio of 0.85 and a beta of 0.94. 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 posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, research analysts expect 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 research analyst reports. UBS Group dropped their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 25th. 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 report on Thursday, July 24th. Tigress Financial upped their price target on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. KeyCorp decreased their price target on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Mizuho decreased their price target on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, July 29th. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $207.36.

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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