Ninety One UK Ltd Acquires Shares of 119,762 Fiserv, Inc. $FI

Ninety One UK Ltd bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 119,762 shares of the business services provider’s stock, valued at approximately $20,648,000.

A number of other large investors also recently bought and sold shares of FI. Nuveen LLC purchased a new position in Fiserv during the first quarter valued at $1,722,584,000. JPMorgan Chase & Co. raised its position in shares of Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after purchasing 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 2nd 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 in the last quarter. Swedbank AB boosted its holdings in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after buying an additional 1,247,801 shares during the last quarter. Finally, GQG Partners LLC purchased a new stake in Fiserv during the 1st quarter worth approximately $265,769,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Truist Financial boosted their price target on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Robert W. Baird dropped their target price on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. KeyCorp decreased their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Stock Down 2.2%

Shares of NYSE FI opened at $126.14 on Thursday. 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 business’s 50 day moving average is $135.17 and its two-hundred day moving average is $166.93. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. The firm has a market cap of $68.57 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 0.84 and a beta of 0.95.

Fiserv (NYSE:FI) last announced 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 firm 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%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current 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.