Fiserv stock rises 14.46% in January as Baron Funds highlights strong performance

Baron Funds reported strong performance for its Baron FinTech Fund in the fourth quarter of 2024, with a 5.29% increase, outperforming both the FactSet Global FinTech Index and the S&P 500. This marks the fifth consecutive quarter of gains for U.S. stocks. Fiserv, Inc. was highlighted as a key investment, with its stock rising 14.46% in one month and 57.44% over the past year. The company's market capitalization reached $134.458 billion as of February 19, 2025. The number of hedge funds holding Fiserv increased to 80 from 71 in the previous quarter. However, Baron Funds expressed a stronger belief in the potential of AI stocks for higher returns in the near term.