Drake & Associates LLC Increases Stock Holdings in Fiserv, Inc. $FI

Drake & Associates LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 29.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,969 shares of the business services provider’s stock after acquiring an additional 1,363 shares during the quarter. Drake & Associates LLC’s holdings in Fiserv were worth $1,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rappaport Reiches Capital Management LLC lifted its stake in Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after buying an additional 48 shares in the last quarter. Adero Partners LLC raised its holdings in shares of Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock valued at $550,000 after acquiring an additional 55 shares during the last quarter. E Fund Management Co. Ltd. lifted its position in shares of Fiserv by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 55 shares in the last quarter. Oakworth Capital Inc. boosted its stake in shares of Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after acquiring an additional 56 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after purchasing an additional 56 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI stock opened at $125.08 on Tuesday. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. 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 stock has a market cap of $67.99 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The business has a fifty day moving average of $134.29 and a two-hundred day moving average of $164.25.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Truist Financial raised 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. Wall Street Zen upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. UBS Group cut their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Morgan Stanley decreased their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.96.

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.