2,780 Shares in Fiserv, Inc. $FI Acquired by Sunpointe LLC

Key Points

• Sunpointe LLC has acquired a new position in Fiserv, Inc. by purchasing 2,780 shares valued at approximately $479,000 during the 2nd quarter.
• Multiple institutional investors have increased their holdings in Fiserv, with Gotham Asset Management boosting its stake by 5.4% and Jacobs & Co. CA increasing its holdings by 26.5%.
• Fiserv's latest earnings report showed an EPS of $2.47, surpassing analyst estimates, with revenue of $5.20 billion, marking an 8.0% year-over-year increase.

Sunpointe LLC bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,780 shares of the business services provider's stock, valued at approximately $479,000.

A number of other hedge funds have also bought and sold shares of FI. Rappaport Reiches Capital Management LLC lifted its holdings in Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after buying an additional 48 shares during the last quarter. Adero Partners LLC lifted its stake in Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after purchasing an additional 55 shares during the last quarter. E Fund Management Co. Ltd. increased its stake in Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock valued at $323,000 after purchasing an additional 55 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock worth $235,000 after purchasing an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in shares of Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock worth $206,000 after buying an additional 56 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley cut their price target on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Susquehanna reduced their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday, July 24th. Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Finally, Truist Financial increased their price objective on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $207.36.

Fiserv Price Performance

Shares of NYSE FI traded down $1.08 during mid-day trading on Friday, reaching $131.79. The company had a trading volume of 10,593,503 shares, compared to its average volume of 3,646,586. 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, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The stock has a market cap of $71.64 billion, a PE ratio of 22.00, a P/E/G ratio of 0.87 and a beta of 0.94. The company has a 50-day moving average price of $140.59 and a two-hundred day moving average price of $171.72.

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 for the quarter, topping 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 business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the firm posted $2.13 earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

About Fiserv

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.