Redwood Investment Management LLC Buys Shares of 5,978 Fiserv, Inc. $FI

Key Points

• Redwood Investment Management LLC bought 5,978 shares of Fiserv, Inc., valued at approximately $1.32 million, as part of their first quarter investments.
• Analysts have lowered their price targets for Fiserv, with Mizuho reducing it from $194 to $165 while maintaining an "outperform" rating.
• Fiserv reported earnings of $2.47 per share for the last quarter, exceeding analyst expectations and showing an 8% revenue increase year-over-year.

Redwood Investment Management LLC bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,978 shares of the business services provider's stock, valued at approximately $1,320,000.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after purchasing an additional 2,033 shares during the period. Quarry LP grew its holdings in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in Fiserv by 508.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 156,538 shares of the business services provider's stock valued at $32,156,000 after acquiring an additional 130,807 shares during the period. Kitching Partners LLC purchased a new stake in Fiserv during the 4th quarter valued at approximately $257,000. Finally, Bison Wealth LLC lifted its position in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock worth $472,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Tigress Financial boosted their target price on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Wall Street Zen raised shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. JPMorgan Chase & Co. cut their price objective 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. Barclays set a $175.00 target price on shares of Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $207.36.

Fiserv Price Performance

FI stock traded up $0.44 during midday trading on Friday, hitting $138.09. 3,769,126 shares of the stock were exchanged, compared to its average volume of 4,362,559. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $75.07 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 0.90 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The stock's 50-day moving average price is $151.71 and its 200-day moving average price is $181.79.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly 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 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 the consensus estimate of $5.20 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The business'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. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current 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.