Fiserv, Inc. $FI Shares Sold by Thematics Asset Management

Key Points

• Thematics Asset Management reduced its stake in Fiserv, Inc. by 3.6%, selling 2,191 shares, leaving them with a total of 58,309 shares valued at approximately $12.88 million.
• Multiple large investors, including Northwestern Mutual Wealth Management and Groupe la Francaise, have modified their holdings in Fiserv, with significant increases noted following recent share purchases.
• Analysts have adjusted their price targets for Fiserv, with Goldman Sachs lowering their target from $223.00 to $194.00, while maintaining a "buy" rating, amidst a broader trend of analysts lowering projections for the stock.

Thematics Asset Management lowered its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,309 shares of the business services provider's stock after selling 2,191 shares during the quarter. Thematics Asset Management's holdings in Fiserv were worth $12,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vega Investment Solutions bought a new position in Fiserv during the 4th quarter valued at about $25,000. Park Square Financial Group LLC bought a new position in Fiserv during the fourth quarter valued at approximately $28,000. Abound Financial LLC bought a new position in Fiserv during the first quarter valued at approximately $38,000. Quarry LP boosted its holdings in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Fiserv during the 4th quarter valued at $54,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of FI traded down $0.34 during midday trading on Thursday, hitting $137.64. 3,852,726 shares of the company traded hands, compared to its average volume of 4,451,183. The stock has a market cap of $74.82 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.90 and a beta of 0.91. The firm has a 50 day moving average of $152.68 and a 200-day moving average of $183.07. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The company'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. On average, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FI shares. Jefferies Financial Group dropped their price target on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price on the stock. 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 research report on Thursday, July 24th. Morgan Stanley dropped their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Finally, Mizuho reduced 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. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.