Zurich Insurance Group Ltd FI Raises Position in Fiserv, Inc. $FI

Key Points

• Zurich Insurance Group Ltd FI increased its stake in Fiserv, Inc. by 25.8%, acquiring an additional 95,694 shares, bringing its total holdings to 467,276 shares worth approximately $103.2 million.
• Several analysts have revised their price targets for Fiserv, with Truist Financial raising its target from $181.00 to $185.00 and Tigress Financial increasing theirs from $244.00 to $250.00, while the consensus rating remains at "Moderate Buy".
• Fiserv reported quarterly earnings of $2.47 EPS, surpassing expectations, with a revenue of $5.20 billion, indicating a year-over-year revenue growth of 8%.

Zurich Insurance Group Ltd FI increased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 467,276 shares of the business services provider's stock after acquiring an additional 95,694 shares during the period. Zurich Insurance Group Ltd FI owned about 0.08% of Fiserv worth $103,189,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FI. Gotham Asset Management LLC grew its holdings in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock valued at $16,490,000 after purchasing an additional 3,809 shares during the period. Kestra Private Wealth Services LLC grew its holdings in Fiserv by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock valued at $1,743,000 after purchasing an additional 230 shares during the period. American National Bank & Trust grew its holdings in Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after purchasing an additional 1,983 shares during the period. Visualize Group LP grew its holdings in Fiserv by 60.0% during the first quarter. Visualize Group LP now owns 121,622 shares of the business services provider's stock valued at $26,858,000 after purchasing an additional 45,622 shares during the period. Finally, Meiji Yasuda Life Insurance Co grew its holdings in Fiserv by 122.4% during the first quarter. Meiji Yasuda Life Insurance Co now owns 6,084 shares of the business services provider's stock valued at $1,344,000 after purchasing an additional 3,349 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

Shares of FI stock traded down $1.27 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 quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The company has a market capitalization of $73.07 billion, a P/E ratio of 22.44, a PEG ratio of 0.87 and a beta of 0.94. The stock's 50 day simple moving average is $144.31 and its 200-day simple moving average is $174.35.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter last year, the business posted $2.13 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FI shares. Susquehanna reduced their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday, July 24th. Truist Financial increased their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Mizuho reduced their price objective on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective for the company. Finally, Wall Street Zen downgraded Fiserv from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

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.