SCS Capital Management LLC Makes New Investment in Fiserv, Inc. $FI

Key Points

• SCS Capital Management LLC acquired a new stake in Fiserv, Inc. valued at approximately $958,000, purchasing 4,340 shares in the 1st quarter.
• Fiserv reported $2.47 earnings per share (EPS) in its latest quarterly results, exceeding analyst expectations of $2.43.
• Despite recent price target reductions from various brokerages, Fiserv maintains a consensus rating of "Moderate Buy" with a target price of $207.36.

SCS Capital Management LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,340 shares of the business services provider's stock, valued at approximately $958,000.

Several other institutional investors have also recently made changes to their positions in the company. Gotham Asset Management LLC grew its position in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock valued at $16,490,000 after buying an additional 3,809 shares during the period. Kestra Private Wealth Services LLC grew its position in shares of Fiserv by 3.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock valued at $1,743,000 after acquiring an additional 230 shares during the period. American National Bank & Trust increased its stake in shares of Fiserv by 2.4% in the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after purchasing an additional 1,983 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Fiserv by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,778,795 shares of the business services provider's stock worth $1,055,301,000 after purchasing an additional 190,527 shares during the period. Finally, Visualize Group LP boosted its position in Fiserv by 60.0% during the first quarter. Visualize Group LP now owns 121,622 shares of the business services provider's stock worth $26,858,000 after purchasing an additional 45,622 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI traded down $1.27 during trading on Friday, reaching $134.43. The company's stock had a trading volume of 2,913,319 shares, compared to its average volume of 3,871,148. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The company has a market cap of $73.08 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 0.88 and a beta of 0.94. 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 firm has a fifty day simple moving average of $144.31 and a two-hundred day simple moving average of $175.13.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 19.69% and a net margin of 16.00%.The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FI. The Goldman Sachs Group cut their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Robert W. Baird cut their price target on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Stephens decreased their price objective on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, Tigress Financial raised their price target on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. One investment 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $207.36.

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.