Two Point Capital Management Inc. Makes New Investment in Fiserv, Inc. $FI

Key Points

• Two Point Capital Management Inc. has acquired a new position in Fiserv, Inc. during the 2nd quarter, purchasing 68,881 shares valued at approximately $11.88 million, making it the firm's 8th largest investment.
• Analysts have shown positive sentiment toward Fiserv, with one upgrade to a "buy" rating and several price targets ranging from $165 to $250, leading to an average target of $205.96.
• Fiserv reported a strong performance in its recent earnings, exceeding estimates with an EPS of $2.47 and an 8% year-over-year revenue growth, setting FY 2025 guidance at 10.150-10.30 EPS.

Two Point Capital Management Inc. acquired a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 68,881 shares of the business services provider's stock, valued at approximately $11,876,000. Fiserv makes up 5.1% of Two Point Capital Management Inc.'s investment portfolio, making the stock its 8th largest position.

Other large investors have also added to or reduced their stakes in the company. Abundance Wealth Counselors lifted its stake in shares of Fiserv by 3.0% during the 2nd quarter. Abundance Wealth Counselors now owns 11,630 shares of the business services provider's stock valued at $1,997,000 after buying an additional 337 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its position in shares of Fiserv by 25.9% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 37,691 shares of the business services provider's stock valued at $6,498,000 after buying an additional 7,747 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Fiserv by 14.1% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,616 shares of the business services provider's stock valued at $1,313,000 after purchasing an additional 942 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in Fiserv during the second quarter valued at $1,185,000. Finally, ASR Vermogensbeheer N.V. grew its holdings in Fiserv by 100.4% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 54,652 shares of the business services provider's stock valued at $9,422,000 after purchasing an additional 27,385 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on FI shares. Wall Street Zen upgraded Fiserv from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Barclays set a $175.00 price target on shares of Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. 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 report on Tuesday, July 29th. KeyCorp dropped their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Susquehanna decreased 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $205.96.

Fiserv Stock Performance

FI opened at $125.63 on Friday. The company has a market cap of $68.29 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. 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's 50-day moving average price is $134.88 and its 200-day moving average price is $166.29. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate 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 net margin of 16.00% and a return on equity of 19.69%. Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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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