Truvestments Capital LLC Cuts Stock Position in Fiserv, Inc. $FI

Key Points

• Truvestments Capital LLC has reduced its stake in Fiserv, Inc. by 54.7%, selling 2,958 shares and leaving it with 2,445 shares valued at approximately $540,000.
• Analysts have set various price targets for Fiserv, with Deutsche Bank issuing a "buy" rating and a target price of $200.00, while JPMorgan Chase & Co. lowered their target from $210.00 to $190.00.
• Fiserv reported a quarterly earnings per share (EPS) of $2.47, exceeding analyst expectations, and announced full-year guidance for FY 2025 in the range of $10.150 to $10.30 EPS.

Truvestments Capital LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 54.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,445 shares of the business services provider's stock after selling 2,958 shares during the quarter. Truvestments Capital LLC's holdings in Fiserv were worth $540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after purchasing an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares in the last quarter. Nuveen LLC purchased a new stake in Fiserv in the 1st quarter worth approximately $1,722,584,000. Finally, Nuveen Asset Management LLC boosted its position in Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after purchasing an additional 340,938 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.3%

NYSE:FI traded up $0.44 on Monday, reaching $138.09. The company's stock had a trading volume of 3,769,126 shares, compared to its average volume of 4,278,463. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market cap of $75.07 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The stock has a 50 day moving average price of $151.71 and a 200 day moving average price of $181.13.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating 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 company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the previous year, the business earned $2.13 earnings per share. The company's revenue for the quarter 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, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on FI. Truist Financial raised their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. UBS Group dropped their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Jefferies Financial Group dropped their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Tigress Financial lifted their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Susquehanna lowered their price target on Fiserv from $240.00 to $220.00 and set a "positive" 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 assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average price target of $207.36.

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.