Fiserv, Inc. $FI Position Increased by Veracity Capital LLC

by · The Cerbat Gem

Veracity Capital LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 21.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,248 shares of the business services provider’s stock after acquiring an additional 1,292 shares during the period. Veracity Capital LLC’s holdings in Fiserv were worth $1,250,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FI. Brighton Jones LLC raised its stake in 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 acquiring an additional 2,033 shares in the last quarter. Bison Wealth LLC raised its stake in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares in the last quarter. State of Wyoming raised its stake in Fiserv by 283.9% during the 4th quarter. State of Wyoming now owns 2,269 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 1,678 shares in the last quarter. Tidal Investments LLC raised its stake in Fiserv by 109.6% during the 4th quarter. Tidal Investments LLC now owns 71,333 shares of the business services provider’s stock valued at $14,653,000 after acquiring an additional 37,301 shares in the last quarter. Finally, Wexford Capital LP raised its stake in Fiserv by 28.2% during the 4th quarter. Wexford Capital LP now owns 10,794 shares of the business services provider’s stock valued at $2,217,000 after acquiring an additional 2,375 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $132.75 on Tuesday. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $72.16 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 0.87 and a beta of 0.94. The stock’s fifty day simple moving average is $143.49 and its 200-day simple moving average is $173.63.

Fiserv (NYSE:FI – Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 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 the consensus estimate of $5.20 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The business’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. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FI shares. KeyCorp lowered their price target on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Jefferies Financial Group lowered their price target on Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th. Mizuho lowered their price target on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods lowered their price target on Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Finally, Robert W. Baird lowered their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.36.

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Fiserv Company Profile

(Free Report)

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.

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