Latest news with #Kovitz
Yahoo
06-08-2025
- Business
- Yahoo
Fiserv (FI) Slid Due to Decelerated Growth in its Clover Payment Services Product Line
Kovitz Investment Group Partners, LLC, an investment management company, released its 'Kovitz Core Equity Strategy' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the strategy returned 7.9% compared to the S&P 500's 10.9% return. Equity markets saw notable volatility after the President's "Liberation Day" tariff announcement on April 2nd. The S&P 500 dropped 11% initially but later rallied 25% in the quarter after the tariffs were postponed by 90 days on April 9th. Additionally, you can review the fund's top 5 holdings to see its best picks for 2025. In its second-quarter 2025 investor letter, Kovitz Core Equity Strategy highlighted stocks such as Fiserv, Inc. (NYSE:FI). Fiserv, Inc. (NYSE:FI) is a payment and fintech services provider. The one-month return of Fiserv, Inc. (NYSE:FI) was -20.87%, and its shares lost 16.15% of their value over the last 52 weeks. On August 5, 2025, Fiserv, Inc. (NYSE:FI) stock closed at $134.28 per share with a market capitalization of $72.994 billion. Kovitz Core Equity Strategy stated the following regarding Fiserv, Inc. (NYSE:FI) in its second quarter 2025 investor letter: "Fiserv, Inc. (NYSE:FI) stock declined 22% in Q2 after the company reported that volume growth decelerated in the company's Clover payment services product line. Clover is a modern payments point of-sale hardware and software product that has been growing payment volumes in the mid teens and revenues in the mid-to-high twenty percent range. For Q1 2025, Fiserv said that, due to some seasonal factors and some transitory year-over-year comparison noise, Clover's volume growth was just +8%. The market reaction for missing higher expectations was severely negative, perhaps because Clover is viewed as a key growth driver for Fiserv, or perhaps because new CEO Mike Lyons had just transitioned into the role, replacing highly regarded outgoing CEO, Frank Bisignano, who began his new position leading the U.S. Social Security Administration. Uncertainty can accompany management changes, although we feel good about Fiserv's deep and experienced team. Earnings power expectations for 2025 for Fiserv have not changed. For Clover, a number of positive product enhancements, new geographic market launches, growing distribution partnerships and direct sales support, and the overall strategic roadmap keep us positive for the long-term. Additionally, revenues are accelerating in Fiserv's Financial Solutions Segment, which constitutes half of revenue and more than half of profits. Fiserv stock trades at a very-reasonable mid-teens earnings multiple, which looks cheap relative to its growth prospects and to the broader stock market. We added to the stock on the price decline and are optimistic about its risk-return profile." A businessperson checking their laptop, highlighting the company's integration of technology across its banking and financial services. Fiserv, Inc. (NYSE:FI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 72 hedge fund portfolios held Fiserv, Inc. (NYSE:FI) at the end of the first quarter, which was 80 in the previous quarter. In the second quarter of 2025, Fiserv, Inc.'s (NYSE:FI) adjusted revenue grew 8% to $5.2 billion. While we acknowledge the potential of Fiserv, Inc. (NYSE:FI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Fiserv, Inc. (NYSE:FI) and shared the list of best information technology services stocks to invest in. Madison Large Cap Fund cited similar reasons for the decline of Fiserv, Inc. (NYSE:FI) in Q2. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-08-2025
- Business
- Yahoo
Oracle (ORCL) Climbed as Multiple Tailwinds Align
Kovitz Investment Group Partners, LLC, an investment management company, released its 'Kovitz Core Equity Strategy' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the strategy returned 7.9% compared to the S&P 500's 10.9% return. Equity markets saw notable volatility after the President's "Liberation Day" tariff announcement on April 2nd. The S&P 500 dropped 11% initially but later rallied 25% in the quarter after the tariffs were postponed by 90 days on April 9th. Additionally, you can review the fund's top 5 holdings to see its best picks for 2025. In its second-quarter 2025 investor letter, Kovitz Core Equity Strategy highlighted stocks such as Oracle Corporation (NYSE:ORCL). Oracle Corporation (NYSE:ORCL) offers products and services that address enterprise information technology environments. The one-month return of Oracle Corporation (NYSE:ORCL) was 8.42%, and its shares gained 103.07% of their value over the last 52 weeks. On August 5, 2025, Oracle Corporation (NYSE:ORCL) stock closed at $255.67 per share, with a market capitalization of $718.134 billion. Kovitz Core Equity Strategy stated the following regarding Oracle Corporation (NYSE:ORCL) in its second quarter 2025 investor letter: "Oracle Corporation (NYSE:ORCL) continues to demonstrate strong traction in scaling its cloud infrastructure and applications businesses. Growth in contracted backlog exceeded expectations at +41% in FY25 and management is expecting it to more than double in FY26. Revenue growth is also expected to accelerate materially with management indicating they expect to exceed their prior targets for the next two years. Lastly, the company recently disclosed that their fiscal year is off to a strong start with multiple new cloud contracts signed already, including one that is expected to generate more than $30B in annual revenue beginning in FY28." A team of IT professionals meticulously crafting a large-scale enterprise performance management system. im-yf-promo] Oracle Corporation (NYSE:ORCL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 97 hedge fund portfolios held Oracle Corporation (NYSE:ORCL) at the end of the first quarter, compared to 105 in the previous quarter. While we acknowledge the potential of Oracle Corporation (NYSE:ORCL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Oracle Corporation (NYSE:ORCL) and shared list of best performing AI stocks so far in 2025. Oracle (NYSE:ORCL) contributed to Aristotle Atlantic Core Equity Strategy's Q2 2025 performance with strong results. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
06-08-2025
- Business
- Yahoo
What Makes Floor & Decor Holdings (FND) an Investment Bet?
Kovitz Investment Group Partners, LLC, an investment management company, released its 'Kovitz Core Equity Strategy' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the strategy returned 7.9% compared to the S&P 500's 10.9% return. Equity markets saw notable volatility after the President's "Liberation Day" tariff announcement on April 2nd. The S&P 500 dropped 11% initially but later rallied 25% in the quarter after the tariffs were postponed by 90 days on April 9th. Additionally, you can review the fund's top 5 holdings to see its best picks for 2025. In its second-quarter 2025 investor letter, Kovitz Core Equity Strategy highlighted stocks such as Floor & Decor Holdings, Inc. (NYSE:FND). Floor & Decor Holdings, Inc. (NYSE:FND) is a multi-channel specialty retailer of hard surface flooring and related accessories. The one-month return of Floor & Decor Holdings, Inc. (NYSE:FND) was -1.11%, and its shares lost 14.43% of their value over the last 52 weeks. On August 5, 2025, Floor & Decor Holdings, Inc. (NYSE:FND) stock closed at $82.56 per share, with a market capitalization of $8.891 billion. Kovitz Core Equity Strategy stated the following regarding Floor & Decor Holdings, Inc. (NYSE:FND) in its second quarter 2025 investor letter: "Floor & Decor Holdings, Inc. (NYSE:FND) operates a chain of ~250 warehouse stores focused exclusively on hard surface flooring and wall covering, decorative accessories, and installation materials. The company has curated a global network of ~250 suppliers from which they directly source product, removing multiple steps in the supply chain between end customer and manufacturer at a typical flooring retailer. This direct-sourcing model combined with their large format stores allows Floor & Décor to offer more attractive pricing, a larger assortment of flooring options across a wide range of price points, and keep job-sized inventory in stock, which is especially attractive to professional installers. The current environment is a challenging one for the company as low single-family home turnover and high interest rates have depressed remodel activity while tariffs may increase the price of flooring projects. Impressively, the company has demonstrated significant supply chain flexibility, reducing its China cost-of-goods-sold exposure from 50% in 2018 to an expected low to mid-single-digit percentage by the end of 2025. While the near future is likely to be tumultuous for the company, we believe homeowners will maintain the desire to improve their homes once we emerge from the current economic cycle and that Floor & Décor will have further improved their scale and selection advantages once that occurs." An overhead view of a website displaying the multiple options of flooring products available for purchase. Floor & Decor Holdings, Inc. (NYSE:FND) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 44 hedge fund portfolios held Floor & Decor Holdings, Inc. (NYSE:FND) at the end of the first quarter, which was 34 in the previous quarter. Floor & Decor Holdings, Inc.'s (NYSE:FND) sales for the second quarter grew 7.1% to $1.214 billion. While we acknowledge the potential of Floor & Decor Holdings, Inc. (NYSE:FND) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Floor & Decor Holdings, Inc. (NYSE:FND) and shared the list of best stocks to buy according to Abdiel Capital Advisors. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
06-08-2025
- Business
- Yahoo
Here's Why Kovitz Core Equity Strategy Increased Its Position in Thermo Fisher Scientific (TMO)
Kovitz Investment Group Partners, LLC, an investment management company, released its 'Kovitz Core Equity Strategy' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the strategy returned 7.9% compared to the S&P 500's 10.9% return. Equity markets saw notable volatility after the President's "Liberation Day" tariff announcement on April 2nd. The S&P 500 dropped 11% initially but later rallied 25% in the quarter after the tariffs were postponed by 90 days on April 9th. Additionally, you can review the fund's top 5 holdings to see its best picks for 2025. In its second-quarter 2025 investor letter, Kovitz Core Equity Strategy highlighted stocks such as Thermo Fisher Scientific Inc. (NYSE:TMO). Thermo Fisher Scientific Inc. (NYSE:TMO) offers life sciences solutions, analytical instruments, specialty diagnostics, laboratory products, and biopharma services. The one-month return of Thermo Fisher Scientific Inc. (NYSE:TMO) was 11.08%, and its shares lost 20.59% of their value over the last 52 weeks. On August 5, 2025, Thermo Fisher Scientific Inc. (NYSE:TMO) stock closed at $466.42 per share, with a market capitalization of $176.126 billion. Kovitz Core Equity Strategy stated the following regarding Thermo Fisher Scientific Inc. (NYSE:TMO) in its second quarter 2025 investor letter: "Thermo Fisher Scientific Inc.'s (NYSE:TMO) sales and earnings growth expectations were revised lower for this year. Ongoing tariff headwinds have hindered sales in China while policies and rhetoric have dramatically reduced funds flowing to U.S. academic and government research institutions, which make up about 8% of Thermo's annual sales. On the positive side, first quarter results showed a return to mid-single-digit growth from Thermo's biopharma customers, which is Thermo's largest end market and accounts for about half of annual sales. This comes after a multi-year period of inventory destocking that hampered sales growth in 2023 and 2024 before our initial purchase. A continuation of this trend would be a strong indicator for the company and its shares, and we believe that is likely what we will see as the rest of 2025 unfolds, driven by a strong pipeline of biologic drugs and increased use of Thermo's (and other's) single-use products to manufacture these drugs. While we don't know if the current administration in Washington will temper its hostility to U.S. academic and government research or if trade relations with China will materially improve, the shares are currently trading at a nearly decade-low valuation multiple on earnings that are already reflecting the headwinds above to a large degree. We added to the position during the quarter and continue to believe long-term secular demand for novel drug therapies will eventually overshadow near-term politically-driven headwinds." A workstation in a research lab stocked with laboratory products and services. Thermo Fisher Scientific Inc. (NYSE:TMO) is in 26th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 101 hedge fund portfolios held Thermo Fisher Scientific Inc. (NYSE:TMO) at the end of the first quarter, which was 100 in the previous quarter. Thermo Fisher Scientific Inc.'s (NYSE:TMO) revenue in the second quarter grew 3% to $10.85 billion. While we acknowledge the potential of Thermo Fisher Scientific Inc. (NYSE:TMO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Thermo Fisher Scientific Inc. (NYSE:TMO) and shared the list of best medical stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Focus Partners firm Kovitz to add Transform Wealth
Kovitz, a Focus Partners firm, has added Colorado-headquartered Focus network firm Transform Wealth into its fold. The deal, due to complete in the second quarter of 2025, will see Transform Wealth add approximately $3bn to Kovitz's $32bn in regulatory assets under management. Based in the Denver area with additional offices in Colorado Springs and Houston, Transform Wealth caters to high-net-worth clients with a suite of wealth management and financial planning services. Kovitz, headquartered in Chicago, offers investment solutions to individuals, institutions, and private funds and has been a Focus firm since 2016. Focus said that the deal will unite two 'like-minded' businesses with a shared ethos in active investment management. Kovitz CEO Mitchell Kovitz and Focus Financial Partners vice chairman said: 'We're proud to welcome the Transform Wealth team to Kovitz, as they have a long history of prioritising clients and offering financial planning and investment tools that keep pace with evolving client needs.' The merger will see Kovitz welcome Transform Wealth's advisory team, including CEO Nathan Kubik and President David Kubik. Transform's Mountain West presence is said to complement Kovitz's current geographic reach. In turn, Transform Wealth will benefit from Kovitz's resources and capabilities, aiming to provide improved services to clients and advisors, added Focus. Nathan Kubik said: 'Transform Wealth has always been driven by a deep commitment to putting our clients' interests first, delivering financial advice tailored to each individual's needs. Joining Kovitz represents a natural progression in that commitment.' In 2023, Focus Financial Partners finalised an agreement, allowing its partner firm Kovitz Investment Group Partners to add US private real estate fund manager Origin to its portfolio. "Focus Partners firm Kovitz to add Transform Wealth" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
