Gotham Asset Management LLC Has $16.49 Million Stock Position in Fiserv, Inc. $FI

Gotham Asset Management LLC grew its position in Fiserv, Inc. (NYSE:FI) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,674 shares of the business services provider’s stock after purchasing an additional 3,809 shares during the period. Gotham Asset Management LLC’s holdings in Fiserv were worth $16,490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vega Investment Solutions bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $28,000. Activest Wealth Management grew its position in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares in the last quarter. Abound Financial LLC bought a new stake in Fiserv in the first quarter worth approximately $38,000. Finally, Saudi Central Bank acquired a new position in shares of Fiserv during the 1st quarter worth $49,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of NYSE FI opened at $134.96 on Friday. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The company has a market cap of $73.36 billion, a P/E ratio of 22.53, a P/E/G ratio of 0.89 and a beta of 0.94. The business’s 50 day moving average is $148.21 and its two-hundred day moving average is $178.53. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.Fiserv’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stephens reduced their price objective on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Morgan Stanley reduced their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. UBS Group cut their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. reduced their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.36.

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.