AG2R LA Mondiale Gestion D Actifs Takes $4.67 Million Position in Fiserv, Inc. $FI

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,166 shares of the business services provider’s stock, valued at approximately $4,674,000.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after acquiring an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. increased 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 valued at $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after acquiring an additional 253,544 shares in the last quarter. Nuveen LLC acquired a new position in Fiserv in the 1st quarter worth approximately $1,722,584,000. Finally, Alliancebernstein L.P. increased its holdings in Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after buying an additional 287,420 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FI. KeyCorp cut their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Susquehanna cut their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. Jefferies Financial Group cut their price target on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. Stephens cut their price target 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. Finally, Mizuho cut their price target on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, July 29th. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.36.

Fiserv Trading Up 2.5%

Shares of NYSE:FI opened at $135.47 on Friday. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The firm has a market capitalization of $73.64 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day moving average price is $145.13 and its 200-day moving average price is $175.80.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (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 firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same quarter last year, the firm posted $2.13 EPS. The business’s revenue 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 forecast that Fiserv, Inc. will post 10.23 earnings per share 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.