Canoe Financial LP Acquires 138,257 Shares of Fiserv, Inc. $FI

Canoe Financial LP raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 83.7% in the 2nd quarter, Holdings Channel reports. The firm owned 303,464 shares of the business services provider’s stock after purchasing an additional 138,257 shares during the quarter. Canoe Financial LP’s holdings in Fiserv were worth $52,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vega Investment Solutions bought a new stake in shares of Fiserv during the fourth quarter worth $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv during the fourth quarter worth $28,000. Activest Wealth Management lifted its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the last quarter. Christopher J. Hasenberg Inc lifted its position in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in shares of Fiserv during the first quarter worth $38,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

FI opened at $132.83 on Friday. The business’s 50-day moving average is $141.26 and its two-hundred day moving average is $172.35. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. 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 firm has a market capitalization of $72.21 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94.

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

Analyst Ratings Changes

Several research firms recently weighed in on FI. Stephens decreased their price objective on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective for the company. Mizuho decreased their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. Truist Financial lifted their price objective on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Tigress Financial lifted their price objective on Fiserv from $244.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $207.36.

About Fiserv

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.