Western Financial Corp CA Increases Holdings in Fiserv, Inc. $FI

Western Financial Corp CA lifted its position in Fiserv, Inc. (NYSE:FI) by 13.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,868 shares of the business services provider’s stock after purchasing an additional 459 shares during the quarter. Western Financial Corp CA’s holdings in Fiserv were worth $667,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FI. Nuveen LLC purchased a new stake in shares of Fiserv in the first quarter valued at approximately $1,722,584,000. JPMorgan Chase & Co. increased its position in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. GAMMA Investing LLC boosted its stake in Fiserv by 21,681.0% during the first quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider’s stock worth $843,991,000 after buying an additional 3,804,358 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Fiserv by 939.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after buying an additional 1,842,784 shares during the last quarter. Finally, Swedbank AB boosted its stake in Fiserv by 366.0% during the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after buying an additional 1,247,801 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on FI. UBS Group decreased their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Robert W. Baird dropped their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Barclays set a $175.00 target price on Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. Mizuho decreased their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $207.36.

Fiserv Price Performance

FI stock opened at $129.55 on Friday. The stock has a 50-day moving average price of $136.95 and a two-hundred day moving average price of $168.65. Fiserv, Inc. has a 12-month low of $128.08 and a 12-month 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 cap of $70.42 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv Company Profile

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.