Perennial Advisors LLC Increases Holdings in Fiserv, Inc. $FI

Perennial Advisors LLC boosted its position in Fiserv, Inc. (NYSE:FI) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,598 shares of the business services provider’s stock after buying an additional 708 shares during the quarter. Fiserv makes up approximately 2.4% of Perennial Advisors LLC’s portfolio, making the stock its 15th biggest position. Perennial Advisors LLC’s holdings in Fiserv were worth $12,689,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Gotham Asset Management LLC raised its position in Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock worth $16,490,000 after purchasing an additional 3,809 shares during the period. Jacobs & Co. CA increased its holdings in shares of Fiserv by 26.5% in the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock worth $9,308,000 after buying an additional 11,322 shares during the period. Westend Capital Management LLC increased its holdings in shares of Fiserv by 78,332.0% in the second quarter. Westend Capital Management LLC now owns 19,608 shares of the business services provider’s stock worth $3,381,000 after buying an additional 19,583 shares during the period. Swedbank AB lifted its stake in shares of Fiserv by 1.5% in the 1st quarter. Swedbank AB now owns 340,946 shares of the business services provider’s stock valued at $75,291,000 after acquiring an additional 5,104 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in Fiserv by 3.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider’s stock valued at $1,743,000 after acquiring an additional 230 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Truist Financial boosted their price objective on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Stephens reduced their price target on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. UBS Group dropped their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Finally, Susquehanna cut their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average target price of $207.36.

Fiserv Stock Performance

Shares of FI opened at $130.29 on Thursday. 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 stock has a market cap of $70.82 billion, a P/E ratio of 21.75, a P/E/G ratio of 0.85 and a beta of 0.94. The business’s 50 day moving average price is $138.45 and its 200-day moving average price is $169.83. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59.

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, 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 business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter in the previous year, the business 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 fiscal year.

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.