Hudson Edge Investment Partners Inc. Buys 7,747 Shares of Fiserv, Inc. $FI

Hudson Edge Investment Partners Inc. lifted its stake in Fiserv, Inc. (NYSE:FI) by 25.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,691 shares of the business services provider’s stock after buying an additional 7,747 shares during the quarter. Fiserv makes up about 1.1% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 27th largest position. Hudson Edge Investment Partners Inc.’s holdings in Fiserv were worth $6,498,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC lifted its position in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares in the last quarter. Merit Financial Group LLC boosted its stake in Fiserv by 2.3% during the first quarter. Merit Financial Group LLC now owns 20,257 shares of the business services provider’s stock valued at $4,473,000 after buying an additional 454 shares during the last quarter. RFG Advisory LLC purchased a new position in Fiserv during the 1st quarter valued at approximately $275,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Fiserv by 15.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,993 shares of the business services provider’s stock worth $1,323,000 after acquiring an additional 801 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI stock opened at $125.63 on Friday. The stock has a market cap of $68.29 billion, a PE ratio of 20.97, a P/E/G ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 12 month low of $124.89 and a 12 month high of $238.59. The company has a 50-day moving average price of $134.88 and a 200 day moving average price of $166.29. 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 (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, 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 during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter last year, the firm earned $2.13 earnings per share. The firm’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. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Susquehanna decreased their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. Barclays set a $175.00 price target on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. Robert W. Baird lowered their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. KeyCorp dropped their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Finally, UBS Group decreased their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $205.96.

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.