VeriStar Capital Management LP Sells 6,436 Shares of Fiserv, Inc. $FI

Key Points

• VeriStar Capital Management LP reduced its stake in Fiserv, Inc. by 17.7%, now holding 29,926 shares, which constitutes 12.1% of its investment portfolio.
• Fiserv reported quarterly earnings of $2.47 per share, surpassing estimates, and generated $5.20 billion in revenue, marking an 8.0% year-over-year increase.
• Institutional investors hold approximately 90.98% of Fiserv's stock, reflecting strong institutional interest in the company.

VeriStar Capital Management LP trimmed its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 17.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,926 shares of the business services provider's stock after selling 6,436 shares during the period. Fiserv comprises about 12.1% of VeriStar Capital Management LP's investment portfolio, making the stock its largest holding. VeriStar Capital Management LP's holdings in Fiserv were worth $6,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Vega Investment Solutions acquired a new position in Fiserv in the fourth quarter valued at about $25,000. Park Square Financial Group LLC acquired a new position in Fiserv in the fourth quarter valued at about $28,000. Activest Wealth Management grew its stake in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after acquiring an additional 126 shares during the period. Abound Financial LLC acquired a new position in Fiserv in the first quarter valued at about $38,000. Finally, Saudi Central Bank acquired a new position in Fiserv in the first quarter valued at about $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the subject of a number of research analyst reports. Truist Financial boosted their target price on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Stephens cut their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price target on the stock. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Finally, Barclays set a $175.00 price target on Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and an average price target of $207.36.

Fiserv Stock Down 0.9%

FI traded down $1.22 on Friday, hitting $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 PE ratio of 22.53, a PEG ratio of 0.89 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock's fifty day moving average is $148.21 and its 200-day moving average is $178.53.

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 (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. 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. Equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.