Timucuan Asset Management Inc. FL Has $202.06 Million Stock Holdings in Fiserv, Inc. $FI

Key Points

• Timucuan Asset Management Inc. FL increased its holdings in Fiserv, Inc. by 13.4%, owning 914,987 shares valued at $202 million, making it the firm's 7th largest position.
• Several hedge funds, including JPMorgan Chase & Co. which raised its holdings by 77.2%, have made significant changes to their positions in Fiserv, with institutional investors owning 90.98% of the stock.
• Fiserv reported $2.47 earnings per share for the last quarter, exceeding analyst expectations, while forecasting an EPS of 10.23 for the current fiscal year.

Timucuan Asset Management Inc. FL increased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 13.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 914,987 shares of the business services provider's stock after acquiring an additional 108,027 shares during the quarter. Fiserv makes up about 6.2% of Timucuan Asset Management Inc. FL's holdings, making the stock its 7th largest position. Timucuan Asset Management Inc. FL owned about 0.17% of Fiserv worth $202,057,000 at the end of the most recent quarter.

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

Fiserv Stock Performance

Shares of NYSE:FI traded up $0.44 during trading on Monday, hitting $138.09. 3,769,126 shares of the company were exchanged, compared to its average volume of 4,278,463. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The company has a market cap of $75.07 billion, a PE ratio of 23.05, a P/E/G ratio of 0.90 and a beta of 0.94. The stock has a 50 day moving average of $151.71 and a 200 day moving average of $181.13.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Mizuho dropped their price objective on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 29th. Susquehanna dropped their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. JPMorgan Chase & Co. dropped their price objective on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Finally, Stephens dropped their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.