Union Bancaire Privee UBP SA Trims Stock Holdings in Fiserv, Inc. $FI

Key Points

• Union Bancaire Privee UBP SA reduced its stake in Fiserv, Inc. by 20.2% during the second quarter, owning 45,287 shares valued at approximately $7.8 million.
• Various institutional investors, including JPMorgan Chase & Co. and Assenagon Asset Management, have significantly increased their positions in Fiserv, with hedge funds owning 90.98% of the company's stock.
• Fiserv recently reported a quarterly earnings per share of $2.47, exceeding estimates, while revenue increased by 8.0% year-over-year, reinforcing its positive growth outlook.

Union Bancaire Privee UBP SA lowered its position in Fiserv, Inc. (NYSE:FI - Free Report) by 20.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,287 shares of the business services provider's stock after selling 11,458 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Fiserv were worth $7,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FI. Nuveen LLC purchased a new stake in Fiserv in the first quarter valued at approximately $1,722,584,000. JPMorgan Chase & Co. lifted its stake in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock valued at $351,550,000 after buying an additional 1,842,784 shares during the last quarter. Swedbank AB lifted its stake in Fiserv by 366.0% in the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider's stock valued at $273,916,000 after buying an additional 1,247,801 shares during the last quarter. Finally, GQG Partners LLC purchased a new stake in shares of Fiserv during the first quarter worth approximately $265,769,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 0.5%

Shares of FI stock opened at $130.17 on Tuesday. The business's fifty day moving average price is $136.25 and its 200 day moving average price is $167.48. Fiserv, Inc. has a 1-year low of $128.08 and a 1-year high of $238.59. The firm has a market capitalization of $70.76 billion, a PE ratio of 21.73, a P/E/G ratio of 0.84 and a beta of 0.94. 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 (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.Fiserv's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FI shares. Susquehanna lowered their price objective on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. UBS Group lowered their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Stephens lowered their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Finally, KeyCorp lowered their target price on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.96.

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.

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