Swedbank AB Raises Holdings in Fiserv, Inc. $FI

Key Points

• Swedbank AB increased its stake in Fiserv, Inc., acquiring an additional 5,104 shares, bringing their total ownership to 340,946 shares, valued at approximately $75.29 million.
• Fiserv reported $2.47 EPS for the most recent quarter, exceeding analysts' expectations, with quarterly revenue reaching $5.20 billion, reflecting an 8.0% year-over-year increase.
• Equity analysts have adjusted their price targets for Fiserv, with JPMorgan decreasing theirs from $210.00 to $190.00, while the consensus target price now stands at $207.36.

Swedbank AB boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 340,946 shares of the business services provider's stock after purchasing an additional 5,104 shares during the quarter. Swedbank AB owned approximately 0.06% of Fiserv worth $75,291,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FI. Vega Investment Solutions purchased a new stake in Fiserv in the 4th quarter worth $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $28,000. Activest Wealth Management raised its position in shares of Fiserv by 3,150.0% during 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. Abound Financial LLC purchased a new position in Fiserv in the 1st quarter valued at about $38,000. Finally, Saudi Central Bank acquired a new stake in Fiserv in the 1st quarter worth about $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 0.0%

FI stock traded up $0.06 during midday trading on Tuesday, hitting $132.71. 3,374,160 shares of the company's stock were exchanged, compared to its average volume of 4,409,932. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The business has a 50-day simple moving average of $143.49 and a two-hundred day simple moving average of $173.63. The stock has a market capitalization of $72.14 billion, a PE ratio of 22.16, a P/E/G ratio of 0.87 and a beta of 0.94. 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 for the quarter, beating analysts' consensus estimates 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 business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Tigress Financial raised their target price on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Jefferies Financial Group reduced their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. UBS Group dropped their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 25th. Susquehanna decreased their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. Finally, KeyCorp dropped their price objective on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. One investment 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 company's stock. According to MarketBeat, Fiserv 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.