Two Point Capital Management Inc. Buys New Holdings in Fiserv, Inc. $FI

Two Point Capital Management Inc. purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the second quarter, Holdings Channel reports. The fund purchased 68,881 shares of the business services provider’s stock, valued at approximately $11,876,000. Fiserv makes up about 5.1% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding.

Other large investors have also made changes to their positions in the company. Sowell Financial Services LLC lifted its holdings in shares of Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after buying an additional 314 shares during the period. Kathmere Capital Management LLC boosted its holdings in Fiserv by 7.7% during the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after buying an additional 106 shares in the last quarter. Gotham Asset Management LLC grew its position in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after buying an additional 3,809 shares during the period. Jacobs & Co. CA raised its position in shares of Fiserv by 26.5% in the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock worth $9,308,000 after acquiring an additional 11,322 shares during the period. Finally, Deltec Asset Management LLC purchased a new stake in shares of Fiserv during the 2nd quarter worth about $1,034,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FI. Robert W. Baird cut their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Barclays set a $175.00 price objective on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Susquehanna reduced their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. cut their price target 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 analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.96.

Fiserv Trading Down 0.4%

Shares of FI opened at $125.63 on Friday. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. The stock has a market cap of $68.29 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The firm’s fifty day moving average is $134.88 and its two-hundred day moving average is $166.29. 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 announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.