Thompson Investment Management Inc. Boosts Stock Position in Fiserv, Inc. $FI

Key Points

• Thompson Investment Management Inc. increased its shareholding in Fiserv, Inc. by 8.5% during Q2, bringing its total ownership to 40,095 shares valued at approximately $6.91 million.
• A majority of research analysts issued predominantly positive ratings for Fiserv, with a consensus rating of "Moderate Buy" and an average price target of $205.96.
• Fiserv reported better-than-expected earnings of $2.47 per share for its latest quarter, surpassing analysts' estimates, along with a revenue of $5.20 billion that met expectations.

Thompson Investment Management Inc. lifted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 8.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,095 shares of the business services provider's stock after buying an additional 3,155 shares during the quarter. Thompson Investment Management Inc.'s holdings in Fiserv were worth $6,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rappaport Reiches Capital Management LLC boosted its holdings in shares of 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 period. Adero Partners LLC grew its stake in shares of Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after purchasing an additional 55 shares during the period. E Fund Management Co. Ltd. raised its holdings in shares of Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock worth $323,000 after buying an additional 55 shares in the last quarter. Oakworth Capital Inc. raised its stake in 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 acquiring an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake 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 valued at $206,000 after purchasing an additional 56 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an "overweight" rating in a report on Monday, July 28th. UBS Group lowered their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective on the stock. Finally, Mizuho dropped their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock 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, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $205.96.

Fiserv Stock Performance

FI opened at $125.92 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day simple moving average of $133.43 and a 200 day simple moving average of $163.07. Fiserv, Inc. has a 1 year low of $124.89 and a 1 year high of $238.59. The company has a market capitalization of $68.45 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

Fiserv (NYSE:FI - Get Free Report) last released 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 company had revenue of $5.20 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts expect that Fiserv, Inc. will post 10.23 EPS 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.

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