Hager Investment Management Services LLC Invests $34,000 in Fiserv, Inc. $FI

Hager Investment Management Services LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 195 shares of the business services provider’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AMI Investment Management Inc. raised its position in shares of Fiserv by 10.6% during the 2nd quarter. AMI Investment Management Inc. now owns 23,506 shares of the business services provider’s stock worth $4,053,000 after purchasing an additional 2,261 shares during the period. Maryland State Retirement & Pension System raised its position in shares of Fiserv by 1.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 26,816 shares of the business services provider’s stock worth $4,623,000 after purchasing an additional 335 shares during the period. Optas LLC grew its holdings in Fiserv by 3.2% in the 2nd quarter. Optas LLC now owns 3,386 shares of the business services provider’s stock worth $584,000 after buying an additional 104 shares in the last quarter. H&H Retirement Design & Management INC grew its holdings in Fiserv by 6.2% in the 2nd quarter. H&H Retirement Design & Management INC now owns 1,959 shares of the business services provider’s stock worth $324,000 after buying an additional 115 shares in the last quarter. Finally, Navera Investment Management Ltd. grew its holdings in Fiserv by 0.4% in the 2nd quarter. Navera Investment Management Ltd. now owns 1,819,845 shares of the business services provider’s stock worth $313,730,000 after buying an additional 6,892 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Truist Financial increased their price objective on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. 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. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective for the company. 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.96.

Fiserv Stock Performance

FI opened at $126.51 on Thursday. The firm has a market cap of $68.77 billion, a PE ratio of 21.12, a P/E/G ratio of 0.83 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $133.69 and a 200-day simple moving average of $163.73. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during 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 revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS 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.