7,817 Shares in Fiserv, Inc. $FI Acquired by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,817 shares of the business services provider’s stock, valued at approximately $1,348,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nuveen LLC acquired a new position in Fiserv in the 1st quarter valued at about $1,722,584,000. JPMorgan Chase & Co. boosted its holdings in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after purchasing an additional 1,842,784 shares during the last quarter. Swedbank AB increased its stake in shares of Fiserv by 366.0% during the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after purchasing an additional 1,247,801 shares during the period. Finally, GQG Partners LLC acquired a new stake in Fiserv during the 1st quarter worth approximately $265,769,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Morgan Stanley decreased their price target 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. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an “overweight” rating in a research note on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a research report on Saturday, September 27th. Finally, Stephens lowered their target price on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.96.

Fiserv Price Performance

Shares of NYSE:FI opened at $126.63 on Wednesday. The firm has a 50 day moving average of $133.98 and a 200-day moving average of $163.99. The stock has a market capitalization of $68.84 billion, a PE ratio of 21.14, a PEG ratio of 0.81 and a beta of 0.95. 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 12 month low of $124.89 and a 12 month high of $238.59.

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

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.