Fiserv, Inc. $FI is Cortland Associates Inc. MO’s 6th Largest Position

Cortland Associates Inc. MO boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 0.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 305,341 shares of the business services provider’s stock after buying an additional 2,871 shares during the quarter. Fiserv accounts for 6.1% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 6th largest holding. Cortland Associates Inc. MO’s holdings in Fiserv were worth $52,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Activest Wealth Management boosted its stake in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the period. Abound Financial LLC purchased a new stake in shares of Fiserv during the first quarter valued at $38,000. Christopher J. Hasenberg Inc boosted its stake in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its holdings in shares of Fiserv by 178.9% in the second 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 in the last quarter. Finally, Saudi Central Bank bought a new stake in shares of Fiserv in the first quarter valued at about $49,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of Fiserv stock opened at $126.63 on Wednesday. The company has a market capitalization of $68.84 billion, a PE ratio of 21.14, a P/E/G ratio of 0.81 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 company has a 50-day simple moving average of $133.98 and a two-hundred day simple moving average of $163.99. Fiserv, Inc. has a one year low of $124.89 and a one year high of $238.59.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm’s revenue was up 8.0% on a year-over-year basis. 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 expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on FI shares. 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. Mizuho decreased their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. Wall Street Zen upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Barclays set a $175.00 price objective on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, KeyCorp decreased their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.