Gallacher Capital Management LLC Takes $345,000 Position in Fiserv, Inc. $FI

Gallacher Capital Management LLC purchased a new position in Fiserv, Inc. (NYSE:FI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,001 shares of the business services provider’s stock, valued at approximately $345,000.

Several other large investors have also bought and sold shares of FI. Parallel Advisors LLC raised its position in shares of Fiserv by 79.6% in the 2nd quarter. Parallel Advisors LLC now owns 12,328 shares of the business services provider’s stock worth $2,125,000 after acquiring an additional 5,464 shares in the last quarter. Trust Co. of Oklahoma raised its holdings in Fiserv by 1.7% in the second quarter. Trust Co. of Oklahoma now owns 21,232 shares of the business services provider’s stock worth $3,661,000 after purchasing an additional 347 shares in the last quarter. Delphi Management Inc. MA lifted its position in Fiserv by 22.9% during the second quarter. Delphi Management Inc. MA now owns 8,300 shares of the business services provider’s stock valued at $1,431,000 after buying an additional 1,546 shares during the period. RDA Financial Network grew its position in shares of Fiserv by 10.2% in the 2nd quarter. RDA Financial Network now owns 17,199 shares of the business services provider’s stock worth $2,965,000 after buying an additional 1,590 shares during the period. Finally, Crumly & Associates Inc. increased its stake in shares of Fiserv by 3.7% in the 2nd quarter. Crumly & Associates Inc. now owns 4,785 shares of the business services provider’s stock worth $825,000 after acquiring an additional 172 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of NYSE FI opened at $132.75 on Tuesday. The firm’s 50-day moving average price is $143.49 and its 200-day moving average price is $173.63. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The company has a market cap of $72.16 billion, a PE ratio of 22.16, a PEG ratio of 0.87 and a beta of 0.94. 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 (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. Fiserv’s revenue for the quarter 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, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

FI has been the topic of a number of recent research reports. UBS Group decreased their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, July 25th. Barclays set a $175.00 price objective on Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. 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. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Finally, Mizuho lowered their price target on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.36.

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.