Oliver Lagore Vanvalin Investment Group Makes New $1.70 Million Investment in Fiserv, Inc. $FI

Oliver Lagore Vanvalin Investment Group purchased a new position in Fiserv, Inc. (NYSE:FI) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 9,863 shares of the business services provider’s stock, valued at approximately $1,700,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after acquiring an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fiserv by 77.2% in the 1st 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 lifted its position in shares of Fiserv by 3.2% in the 1st 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 stake in shares of Fiserv in the 1st quarter valued at approximately $1,722,584,000. Finally, Alliancebernstein L.P. lifted its position in shares of Fiserv by 5.3% in the 1st 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. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI opened at $132.83 on Friday. The firm has a market cap of $72.21 billion, a PE ratio of 22.18, a PEG ratio of 0.87 and a beta of 0.94. 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 firm’s 50 day moving average price is $141.26 and its 200 day moving average price is $172.35. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The firm 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%.The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter 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. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Susquehanna lowered their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research report on Thursday, July 24th. KeyCorp lowered their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Morgan Stanley lowered their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Tigress Financial boosted their price objective on shares of Fiserv from $244.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Finally, UBS Group lowered their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.36.

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.