Voya Investment Management LLC Purchases 8,852 Shares of Fiserv, Inc. $FI

Key Points

• Voya Investment Management LLC increased its stake in Fiserv, Inc. by acquiring an additional 8,852 shares, bringing its total ownership to 839,878 shares valued at approximately $185.47 million.
• Several analysts have revised their price targets for Fiserv, with Truist Financial raising theirs to **$185** and the consensus rating for the stock being a "Moderate Buy" with an average target price of **$207.36**.
• Fiserv's recent quarterly earnings report showed an **EPS of $2.47**, exceeding analyst expectations, and a year-over-year revenue growth of **8%**, setting FY 2025 guidance at **$10.15-10.30** EPS.

Voya Investment Management LLC grew its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 839,878 shares of the business services provider's stock after acquiring an additional 8,852 shares during the quarter. Voya Investment Management LLC owned about 0.15% of Fiserv worth $185,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in Fiserv in the 1st quarter valued at about $1,722,584,000. JPMorgan Chase & Co. boosted its position in Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the last quarter. GAMMA Investing LLC boosted its position in Fiserv by 21,681.0% during the first quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after acquiring an additional 3,804,358 shares during the last quarter. GQG Partners LLC acquired a new position in Fiserv in the 1st quarter valued at $265,769,000. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Fiserv by 29.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,878,455 shares of the business services provider's stock worth $635,308,000 after purchasing an additional 654,228 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Down 0.9%

Shares of FI traded down $1.27 during mid-day trading on Friday, reaching $134.43. The company's stock had a trading volume of 2,913,319 shares, compared to its average volume of 3,805,741. The company has a market cap of $73.07 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The business has a fifty day moving average of $144.31 and a 200 day moving average of $174.35. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $5.20 billion during 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%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on FI shares. Truist Financial lifted their price target on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Robert W. Baird dropped their price objective on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Stephens reduced their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Tigress Financial boosted their target price on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, The Goldman Sachs Group reduced their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.36.

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.