Twin Tree Management LP Makes New Investment in Fiserv, Inc. $FI

Key Points

• Twin Tree Management LP acquired 8,552 shares of Fiserv, Inc. valued at approximately $1.89 million during the first quarter.
• Fiserv received a mix of analyst ratings, including a buy upgrade from Wall Street Zen, while others lowered their price targets.
• Fiserv reported a quarterly earnings per share (EPS) of $2.47, exceeding analyst expectations and showing an 8% year-over-year revenue increase.

Twin Tree Management LP bought a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,552 shares of the business services provider's stock, valued at approximately $1,889,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after buying an additional 2,033 shares during the period. Quarry LP lifted its position in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Bison Wealth LLC lifted its position in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock valued at $472,000 after purchasing an additional 116 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Fiserv in the 4th quarter valued at about $683,000. Finally, BIP Wealth LLC bought a new stake in Fiserv in the 4th quarter valued at about $222,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective on the stock. Mizuho cut their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 29th. Jefferies Financial Group cut their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Morgan Stanley decreased their price target on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Finally, Susquehanna decreased their price target on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Price Performance

Shares of FI stock traded down $1.22 during midday trading on Friday, reaching $134.96. 3,574,503 shares of the company were exchanged, compared to its average volume of 3,736,661. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a market cap of $73.36 billion, a P/E ratio of 22.53, a PEG ratio of 0.89 and a beta of 0.94. The company's 50 day moving average price is $148.21 and its two-hundred day moving average price is $178.53. 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 (NYSE:FI - Get Free Report) last released its quarterly 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 net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the firm earned $2.13 EPS. Fiserv's 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, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.