REAP Financial Group LLC Acquires 194 Shares of Fiserv, Inc. $FI

REAP Financial Group LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 215.6% in the 2nd quarter, Holdings Channel reports. The firm owned 284 shares of the business services provider’s stock after purchasing an additional 194 shares during the quarter. REAP Financial Group LLC’s holdings in Fiserv were worth $49,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after purchasing an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fiserv by 77.2% during the first 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 last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Fiserv by 3.2% in the first 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 acquiring an additional 253,544 shares in the last quarter. Nuveen LLC bought a new stake in shares of Fiserv in the first quarter valued at about $1,722,584,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Fiserv by 5.3% in the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after acquiring an additional 287,420 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on FI. Robert W. Baird decreased their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a report on Wednesday. UBS Group decreased their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Susquehanna decreased their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.96.

Fiserv Price Performance

Shares of FI stock opened at $126.51 on Thursday. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two week high of $238.59. The firm has a market capitalization of $68.77 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 0.83 and a beta of 0.95. 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 stock’s 50-day simple moving average is $133.69 and its 200-day simple moving average is $163.73.

Fiserv (NYSE:FI) last issued its quarterly 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 in the previous year, the firm earned $2.13 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.