ORG Partners LLC has significantly increased its investment in Fiserv, Inc. (NYSE:FI – Free Report) by an impressive 378.7% during the second quarter. According to the latest filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 426 shares of the business services provider, having acquired an additional 337 shares in the quarter. By the end of this period, ORG Partners LLC’s stake in Fiserv was valued at approximately $74,000.
Other institutional investors and hedge funds have also been active in the Fiserv market. Brighton Jones LLC increased its stake by 91.9% in the fourth quarter, now owning 4,245 shares worth $872,000 after purchasing an additional 2,033 shares. Similarly, Bison Wealth LLC raised its stake by 5.3%, bringing its total to 2,299 shares valued at $472,000 after acquiring 116 more shares. Rothschild Investment LLC and Fifth Third Wealth Advisors LLC also boosted their holdings by 5.2% and 6.3%, respectively. Notably, NBC Securities Inc. made headlines by increasing its stake by a staggering 105,345.5%, now owning 11,599 shares worth $2,561,000 after buying 11,588 additional shares. Collectively, institutional investors and hedge funds own 90.98% of Fiserv’s stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on Fiserv shares. Jefferies Financial Group lowered its price target from $140.00 to $130.00, maintaining a “hold” rating. Meanwhile, Robert W. Baird adjusted its target from $225.00 to $185.00, also assigning an “outperform” rating. Deutsche Bank Aktiengesellschaft initiated coverage with a “buy” rating and a price target of $200.00. Additionally, Wall Street Zen upgraded Fiserv from a “hold” to a “buy” rating. KeyCorp also revised its price target down from $250.00 to $200.00, giving it an “overweight” rating. Overall, one analyst has rated the stock as a Strong Buy, twenty-one as Buy, two as Hold, and one as Sell. According to MarketBeat.com, Fiserv holds a consensus rating of “Moderate Buy” with a price target of $205.96.
Check Out Our Latest Stock Analysis on Fiserv
Fiserv Trading Up 0.5%
On Tuesday, NYSE:FI opened at $130.17. Fiserv, Inc. has experienced a 1-year low of $128.08 and a high of $238.59. The company’s 50-day moving average stands at $136.25, while the 200-day moving average is $167.48. Fiserv has a current ratio of 1.09, a quick ratio of 1.09, and a debt-to-equity ratio of 1.09. With a market capitalization of $70.76 billion, the firm has a price-to-earnings ratio of 21.73, a PEG ratio of 0.84, and a beta of 0.94.
Fiserv (NYSE:FI – Get Free Report) last reported its quarterly earnings on July 23rd, revealing earnings per share (EPS) of $2.47, surpassing the consensus estimate of $2.43 by $0.04. The company achieved a return on equity of 19.69% and a net margin of 16.00%. Revenue for the quarter reached $5.20 billion, matching the consensus estimate. This represents an 8.0% increase compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS, with analysts predicting an average EPS of 10.23 for the current year.
Fiserv Profile
Fiserv, Inc., along with its subsidiaries, provides payments and financial services technology across the United States, Europe, the Middle East and Africa, Latin America, and the Asia-Pacific region. The company operates through various segments, including Merchant Acceptance, Financial Technology, and Payments and Network.
Featured Articles
Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FI – Free Report).
Receive News & Ratings for Fiserv Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fiserv and related companies with MarketBeat.com’s FREE daily email newsletter.
