Navera Investment Management Ltd. Has $313.73 Million Position in Fiserv, Inc. $FI

Navera Investment Management Ltd. increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,819,845 shares of the business services provider’s stock after purchasing an additional 6,892 shares during the quarter. Fiserv makes up 5.7% of Navera Investment Management Ltd.’s portfolio, making the stock its 5th biggest holding. Navera Investment Management Ltd.’s holdings in Fiserv were worth $313,730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Fiserv by 1.1% in 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 buying an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Fiserv by 3.2% during 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 purchased a new position in Fiserv during the first quarter valued at $1,722,584,000. Finally, Alliancebernstein L.P. grew its stake in Fiserv by 5.3% during 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. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Robert W. Baird cut their target price on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Morgan Stanley cut their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. UBS Group cut their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Stock Performance

Shares of NYSE:FI opened at $126.63 on Wednesday. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59. The stock has a market capitalization of $68.84 billion, a P/E ratio of 21.14, a PEG ratio of 0.81 and a beta of 0.95. The firm has a fifty day simple moving average of $133.98 and a two-hundred day simple moving average of $163.99. 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 issued its quarterly earnings data 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 analysts’ expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business’s revenue was up 8.0% on a year-over-year basis. 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. On average, analysts expect 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.