Strs Ohio Acquires Shares of 359,648 Fiserv, Inc. $FI

Key Points

• Strs Ohio invested approximately $79.4 million in Fiserv, Inc. by purchasing 359,648 shares in the first quarter, increasing its stake to about 0.06% of the company.
• Fiserv recently reported $2.47 EPS for the quarter, exceeding consensus estimates, with revenue of $5.20 billion and a year-over-year revenue increase of 8%.
• Wall Street analysts have largely rated Fiserv positively, with a consensus rating of "Moderate Buy" and a price target of $207.36.

Strs Ohio bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 359,648 shares of the business services provider's stock, valued at approximately $79,421,000. Strs Ohio owned about 0.06% of Fiserv at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vega Investment Solutions acquired a new stake in Fiserv in the 4th quarter worth $25,000. Activest Wealth Management grew its position in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after purchasing an additional 126 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Fiserv in the 4th quarter worth $28,000. Abound Financial LLC acquired a new stake in Fiserv in the 1st quarter worth $38,000. Finally, Saudi Central Bank acquired a new stake in Fiserv in the 1st quarter worth $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

FI stock traded down $1.27 during trading on Friday, hitting $134.43. 2,913,319 shares of the stock traded hands, compared to its average volume of 3,871,148. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The stock has a market cap of $73.08 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 0.88 and a beta of 0.94. The company has a 50 day simple moving average of $144.31 and a 200 day simple moving average of $174.75. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly 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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the firm posted $2.13 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FI shares. The Goldman Sachs Group decreased their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Barclays set a $175.00 price target on shares of Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective for the company. Jefferies Financial Group reduced their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Finally, Mizuho reduced their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.