Hunter Perkins Capital Management LLC Acquires 5,383 Shares of Fiserv, Inc. $FI

Hunter Perkins Capital Management LLC boosted its stake in Fiserv, Inc. (NYSE:FI) by 7.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,068 shares of the business services provider’s stock after purchasing an additional 5,383 shares during the quarter. Fiserv comprises about 3.2% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Hunter Perkins Capital Management LLC’s holdings in Fiserv were worth $13,460,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rappaport Reiches Capital Management LLC increased its holdings in shares of Fiserv by 3.9% in the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock worth $282,000 after acquiring an additional 48 shares in the last quarter. Adero Partners LLC lifted its stake in Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock valued at $550,000 after buying an additional 55 shares in the last quarter. E Fund Management Co. Ltd. lifted its stake in Fiserv by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after buying an additional 55 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in shares of Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock valued at $235,000 after buying an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in shares of Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after acquiring an additional 56 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FI. KeyCorp reduced their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Barclays set a $175.00 price objective on shares of Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Stephens lowered their price target on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Morgan Stanley reduced their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a research report on Thursday, July 17th. They set a “buy” rating and a $200.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Stock Up 1.4%

Shares of FI opened at $127.56 on Monday. The stock has a market capitalization of $69.34 billion, a PE ratio of 21.30, a P/E/G ratio of 0.83 and a beta of 0.95. Fiserv, Inc. has a 12 month low of $124.89 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 firm’s 50 day moving average is $134.59 and its 200-day moving average is $164.90.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 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 the consensus estimate of $5.20 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Fiserv’s revenue for the quarter 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 forecast 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.