Chicago Capital LLC Acquires 18,520 Shares of Fiserv, Inc. $FI

Chicago Capital LLC boosted its holdings in Fiserv, Inc. (NYSE:FI) by 130.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,689 shares of the business services provider’s stock after purchasing an additional 18,520 shares during the quarter. Chicago Capital LLC’s holdings in Fiserv were worth $5,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in Fiserv by 3,150.0% in the 1st 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 period. Christopher J. Hasenberg Inc raised its holdings in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the period. Abound Financial LLC purchased a new stake in Fiserv during the 1st quarter valued at $38,000. Finally, Saudi Central Bank purchased a new stake in Fiserv during the 1st quarter valued at $49,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FI has been the topic of several recent research reports. Barclays set a $175.00 price target on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Stephens decreased 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. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a report on Thursday, July 17th. They set a “buy” rating and a $200.00 price target on the stock. Morgan Stanley decreased their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Finally, Susquehanna decreased their price target on 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 assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $205.96.

Fiserv Stock Performance

FI stock opened at $130.17 on Tuesday. 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 business’s fifty day simple moving average is $136.25 and its two-hundred day simple moving average is $167.48. Fiserv, Inc. has a twelve month low of $128.08 and a twelve month high of $238.59. The firm has a market cap of $70.76 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 0.84 and a beta of 0.94.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.20 billion. During the same quarter last year, the firm posted $2.13 earnings per share. The business’s 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. Analysts predict that Fiserv, Inc. will post 10.23 earnings per share 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.