Lecap Asset Management Ltd. Purchases New Holdings in Fiserv, Inc. $FI

Lecap Asset Management Ltd. purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,873 shares of the business services provider’s stock, valued at approximately $1,185,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. boosted its holdings in Fiserv by 100.4% during the second quarter. ASR Vermogensbeheer N.V. now owns 54,652 shares of the business services provider’s stock valued at $9,422,000 after purchasing an additional 27,385 shares in the last quarter. Pure Financial Advisors LLC boosted its holdings in Fiserv by 106.7% during the second quarter. Pure Financial Advisors LLC now owns 1,883 shares of the business services provider’s stock valued at $325,000 after purchasing an additional 972 shares in the last quarter. Consolidated Planning Corp boosted its holdings in Fiserv by 6.3% during the second quarter. Consolidated Planning Corp now owns 24,913 shares of the business services provider’s stock valued at $4,295,000 after purchasing an additional 1,480 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in Fiserv by 5.1% during the second quarter. Dogwood Wealth Management LLC now owns 7,058 shares of the business services provider’s stock valued at $1,203,000 after purchasing an additional 343 shares in the last quarter. Finally, First Pacific Financial acquired a new stake in Fiserv during the second quarter valued at approximately $235,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Robert W. Baird decreased 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. Wall Street Zen raised Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. UBS Group reduced their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Finally, Stephens reduced their target price on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. One investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Stock Down 2.2%

NYSE:FI opened at $126.14 on Thursday. The stock’s fifty day moving average price is $135.17 and its two-hundred day moving average price is $166.93. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $68.57 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 0.84 and a beta of 0.95.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv 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.