Swedbank AB Buys 5,104 Shares of Fiserv, Inc. $FI

Swedbank AB lifted its stake in Fiserv, Inc. (NYSE:FI) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 340,946 shares of the business services provider’s stock after purchasing an additional 5,104 shares during the period. Swedbank AB owned about 0.06% of Fiserv worth $75,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FI. Vega Investment Solutions bought a new position in Fiserv during the 4th quarter worth about $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $28,000. Activest Wealth Management boosted its holdings in shares of Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares during the last quarter. Abound Financial LLC purchased a new stake in Fiserv in the first quarter valued at $38,000. Finally, Saudi Central Bank acquired a new stake in Fiserv during the first quarter worth about $49,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of NYSE FI opened at $134.43 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The stock has a 50 day moving average of $144.31 and a two-hundred day moving average of $175.13. The stock has a market cap of $73.08 billion, a P/E ratio of 22.44, a P/E/G ratio of 0.88 and a beta of 0.94.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business 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. The company’s quarterly 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. On average, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their target price 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. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an “overweight” rating in a research note on Monday, July 28th. UBS Group lowered their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Robert W. Baird reduced their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Finally, The Goldman Sachs Group reduced their price target on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, May 19th. One research 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 given a Sell rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price 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.