Fiserv, Inc. $FI Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

by · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,700 shares of the business services provider’s stock after purchasing an additional 1,212 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fiserv were worth $20,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its stake in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after purchasing an additional 3,809 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in Fiserv by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider’s stock valued at $1,743,000 after purchasing an additional 230 shares during the last quarter. Jacobs & Co. CA lifted its stake in Fiserv by 26.5% during the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock valued at $9,308,000 after purchasing an additional 11,322 shares during the last quarter. American National Bank & Trust lifted its stake in Fiserv by 2.4% during the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock valued at $18,956,000 after purchasing an additional 1,983 shares during the last quarter. Finally, Swedbank AB lifted its stake in Fiserv by 1.5% during the first quarter. Swedbank AB now owns 340,946 shares of the business services provider’s stock valued at $75,291,000 after purchasing an additional 5,104 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on FI. Morgan Stanley reduced their price target on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Truist Financial raised their price target on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a report on Thursday, July 17th. They set a “buy” rating and a $200.00 price target for the company. UBS Group decreased their price target on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Finally, Jefferies Financial Group lowered their target price on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a research note on Tuesday, May 27th. One 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.36.

View Our Latest Analysis on Fiserv

Fiserv Trading Up 1.0%

Shares of Fiserv stock opened at $134.09 on Thursday. The firm’s 50-day moving average price is $142.00 and its two-hundred day moving average price is $173.07. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $72.89 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 0.86 and a beta of 0.94.

Fiserv (NYSE:FI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the company posted $2.13 EPS. 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. On average, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

About Fiserv

(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.

See Also

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