QRG Capital Management Inc. Has $29.25 Million Stake in Fiserv, Inc. $FI

Key Points

• QRG Capital Management Inc. has reduced its stake in Fiserv, Inc. by 31.2%, owning 169,670 shares valued at approximately $29.25 million as of the latest SEC filing.
• Institutional investors hold a significant portion of the company's stock, comprising 90.98% of Fiserv's shares, indicating strong market interest and confidence among large investors.
• Fiserv reported a quarterly earnings beat with EPS of $2.47, exceeding the expected $2.43, and has forecasted FY 2025 EPS guidance between 10.150-10.30.

QRG Capital Management Inc. cut its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 31.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,670 shares of the business services provider's stock after selling 76,771 shares during the quarter. QRG Capital Management Inc.'s holdings in Fiserv were worth $29,253,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rappaport Reiches Capital Management LLC lifted its stake in shares of Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after buying an additional 48 shares during the last quarter. Adero Partners LLC grew its position in shares of Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after purchasing an additional 55 shares during the last quarter. E Fund Management Co. Ltd. increased its stake in shares of 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 worth $323,000 after purchasing an additional 55 shares during the period. Oakworth Capital Inc. lifted its holdings in Fiserv by 5.6% during the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after purchasing an additional 56 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock valued at $206,000 after purchasing an additional 56 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $127.56 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market cap of $69.34 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The company has a 50 day moving average of $134.59 and a 200-day moving average of $165.68. Fiserv, Inc. has a 1-year low of $124.89 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating 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 business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on FI. Wall Street Zen upgraded Fiserv from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. KeyCorp lowered their price target on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Mizuho dropped their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, July 29th. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, UBS Group dropped their price target on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $205.96.

Fiserv Company 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.

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