KLP Kapitalforvaltning AS Has $43.07 Million Stock Position in Fiserv, Inc. $FI

KLP Kapitalforvaltning AS lifted its stake in Fiserv, Inc. (NYSE:FI) by 16.3% during the 2nd quarter, Holdings Channel reports. The firm owned 249,836 shares of the business services provider’s stock after acquiring an additional 35,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Fiserv were worth $43,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Activest Wealth Management lifted its stake in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares during the period. Christopher J. Hasenberg Inc raised its position in shares of Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its position in shares of Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 136 shares during the period. Abound Financial LLC bought a new position in Fiserv during the 1st quarter worth approximately $38,000. Finally, Saudi Central Bank acquired a new position in Fiserv during the first quarter valued at approximately $49,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $125.08 on Tuesday. The company has a fifty day moving average price of $134.29 and a 200 day moving average price of $164.25. The firm has a market cap of $67.99 billion, a PE ratio of 20.88, a PEG ratio of 0.83 and a beta of 0.95. 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 1-year low of $124.89 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last issued 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. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on FI shares. Susquehanna lowered their target price 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. KeyCorp lowered their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Robert W. Baird dropped their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. JPMorgan Chase & Co. reduced their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average target price of $205.96.

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.