OLD National Bancorp IN Has $449,000 Stock Holdings in Fiserv, Inc. $FI

OLD National Bancorp IN increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,607 shares of the business services provider’s stock after buying an additional 444 shares during the period. OLD National Bancorp IN’s holdings in Fiserv were worth $449,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FI. Nuveen LLC acquired a new stake in Fiserv during the 1st quarter worth approximately $1,722,584,000. JPMorgan Chase & Co. lifted its position in shares of Fiserv by 77.2% in the 1st 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 during the period. Assenagon Asset Management S.A. lifted its position in shares of Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after purchasing an additional 1,842,784 shares during the period. Swedbank AB lifted its position in shares of Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after purchasing an additional 1,247,801 shares during the period. Finally, GQG Partners LLC acquired a new position in shares of Fiserv in the 1st quarter worth approximately $265,769,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FI stock opened at $126.63 on Wednesday. The firm has a market capitalization of $68.84 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. The firm has a fifty day simple moving average of $133.98 and a two-hundred day simple moving average of $163.99. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 12 month low of $124.89 and a 12 month high of $238.59.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the prior year, the business posted $2.13 EPS. 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 forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Susquehanna lowered their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th. Jefferies Financial Group lowered their price objective on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, September 29th. Finally, Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $205.96.

About Fiserv

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.