Spirepoint Private Client LLC Buys Shares of 12,930 Fiserv, Inc. $FI

Key Points

• Spirepoint Private Client LLC has acquired a new stake in Fiserv, Inc., purchasing 12,930 shares valued at approximately $2.23 million.
• Fiserv reported a strong quarterly EPS of $2.47, exceeding estimates, with revenue of $5.20 billion, marking an 8% increase year-over-year.
• Institutional investors hold 90.98% of Fiserv's stock, reflecting strong confidence in its performance, with a consensus rating of "Moderate Buy" and a target price of $207.36.

Spirepoint Private Client LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,930 shares of the business services provider's stock, valued at approximately $2,229,000.

Other hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC grew its stake in shares of Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock worth $610,000 after purchasing an additional 314 shares during the last quarter. Gotham Asset Management LLC grew its stake in shares of Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after purchasing an additional 3,809 shares during the last quarter. Jacobs & Co. CA grew its stake in shares of Fiserv by 26.5% in the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock worth $9,308,000 after purchasing an additional 11,322 shares during the last quarter. Westend Capital Management LLC grew its stake in shares of Fiserv by 78,332.0% in the 2nd quarter. Westend Capital Management LLC now owns 19,608 shares of the business services provider's stock worth $3,381,000 after purchasing an additional 19,583 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Fiserv by 1.5% in the 1st quarter. Swedbank AB now owns 340,946 shares of the business services provider's stock worth $75,291,000 after purchasing an additional 5,104 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

FI stock opened at $129.55 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. The stock has a market cap of $70.42 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.84 and a beta of 0.94. The firm has a 50 day simple moving average of $136.95 and a 200 day simple moving average of $168.65. Fiserv, Inc. has a 52 week low of $128.08 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of several recent research reports. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price for the company. Mizuho decreased their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Finally, Robert W. Baird decreased their target price 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. One 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 issued a Sell rating to the stock. According to data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and a consensus price target 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.

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