Fiserv, Inc. $FI Stock Holdings Raised by Scharf Investments LLC

Key Points

• Scharf Investments LLC increased its position in Fiserv, Inc. by 3.0%, owning approximately $199.30 million worth of shares, which represents 5.7% of their portfolio.
• Multiple large investors, including Vanguard Group and JPMorgan Chase, have raised their stakes in Fiserv, highlighting a strong interest from institutional investors as they collectively own 90.98% of the company's stock.
• Fiserv reported $2.47 EPS for the latest quarter, exceeding analyst expectations, and set its FY 2025 guidance at 10.150-10.30 EPS, indicating steady growth potential.

Scharf Investments LLC raised its position in Fiserv, Inc. (NYSE:FI - Free Report) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,155,966 shares of the business services provider's stock after buying an additional 33,308 shares during the quarter. Fiserv makes up approximately 5.7% of Scharf Investments LLC's portfolio, making the stock its 4th biggest position. Scharf Investments LLC owned approximately 0.21% of Fiserv worth $199,302,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FI. Brighton Jones LLC raised its stake in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock worth $472,000 after purchasing an additional 116 shares during the last quarter. Sunbelt Securities Inc. raised its position in Fiserv by 568.2% in the fourth quarter. Sunbelt Securities Inc. now owns 294 shares of the business services provider's stock worth $61,000 after acquiring an additional 250 shares in the last quarter. Forum Financial Management LP raised its position in Fiserv by 2.3% in the fourth quarter. Forum Financial Management LP now owns 5,272 shares of the business services provider's stock worth $1,083,000 after acquiring an additional 118 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in Fiserv by 26.9% in the fourth quarter. Mackenzie Financial Corp now owns 394,288 shares of the business services provider's stock worth $80,995,000 after acquiring an additional 83,622 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI traded down $1.43 during trading hours on Monday, reaching $130.37. 7,526,139 shares of the company traded hands, compared to its average volume of 3,868,131. 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 stock has a market capitalization of $70.87 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The stock has a fifty day simple moving average of $139.86 and a 200 day simple moving average of $170.39.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion for 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%.The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group cut their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Jefferies Financial Group cut their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Barclays set a $175.00 target price on Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Susquehanna lowered their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.36.

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.