REAP Financial Group LLC Increases Stake in Fiserv, Inc. $FI

REAP Financial Group LLC raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 215.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284 shares of the business services provider’s stock after buying an additional 194 shares during the quarter. REAP Financial Group LLC’s holdings in Fiserv were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after buying an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after buying an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after buying an additional 253,544 shares in the last quarter. Nuveen LLC purchased a new stake in Fiserv during the 1st quarter valued at approximately $1,722,584,000. Finally, Alliancebernstein L.P. grew its holdings in Fiserv by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after buying an additional 287,420 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FI. Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Stephens cut their target price on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Morgan Stanley cut their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Fiserv in a report on Wednesday. Finally, UBS Group cut their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.96.

Fiserv Stock Down 0.1%

Shares of FI opened at $126.51 on Thursday. The company has a market cap of $68.77 billion, a PE ratio of 21.12, a P/E/G ratio of 0.83 and a beta of 0.95. The business has a fifty day moving average of $133.69 and a 200 day moving average of $163.73. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.Fiserv’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts expect 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.