Robeco Institutional Asset Management B.V. Has $101.08 Million Stake in Fiserv, Inc. $FI

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Fiserv, Inc. by 43.8% during Q2, owning approximately $101.08 million worth of shares after selling 456,787 shares.
• Several other institutional investors have increased their stakes significantly, including JPMorgan Chase & Co. which raised its position by 77.2%, owning over $3.39 billion in Fiserv shares.
• Fiserv's stock received mixed reviews from analysts, with a consensus rating of "Moderate Buy" and an average price target of $205.96, despite varied targets ranging from $130.00 to $250.00.

Robeco Institutional Asset Management B.V. reduced its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 43.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 586,290 shares of the business services provider's stock after selling 456,787 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Fiserv worth $101,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Nuveen LLC acquired a new stake in shares of Fiserv during the first quarter worth $1,722,584,000. JPMorgan Chase & Co. increased its position in Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. raised its stake in Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock worth $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Swedbank AB boosted its holdings in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider's stock valued at $273,916,000 after purchasing an additional 1,247,801 shares during the period. Finally, GQG Partners LLC acquired a new position in shares of Fiserv during the 1st quarter worth approximately $265,769,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FI shares. KeyCorp dropped 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. Wall Street Zen upgraded Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Truist Financial raised their price target on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group dropped their price target on Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a research note on Monday. One equities 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $205.96.

Fiserv Price Performance

Fiserv stock opened at $125.63 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59. The stock has a market capitalization of $68.29 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The stock has a fifty day moving average of $134.88 and a 200-day moving average of $166.29.

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 for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts expect 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.

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