111 Capital Acquires Shares of 17,602 Fiserv, Inc. $FI

111 Capital purchased a new position in Fiserv, Inc. (NYSE:FI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,602 shares of the business services provider’s stock, valued at approximately $3,035,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after buying an additional 535,407 shares during the period. JPMorgan Chase & Co. increased its position in Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA increased its position in Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after purchasing an additional 253,544 shares during the period. Nuveen LLC purchased a new position in Fiserv during the 1st quarter valued at about $1,722,584,000. Finally, Alliancebernstein L.P. increased its position in Fiserv by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after purchasing an additional 287,420 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of a number of research reports. Stephens cut their target price on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Mizuho cut their target price on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 29th. KeyCorp cut their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, Truist Financial lifted their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Stock Up 1.4%

FI stock opened at $127.56 on Friday. The firm has a 50 day moving average of $134.59 and a 200 day moving average of $165.68. The stock has a market capitalization of $69.34 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. 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 52 week low of $124.89 and a 52 week high of $238.59.

Fiserv (NYSE:FI) last released its earnings results 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 analysts’ expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.