2,082 Shares in Fiserv, Inc. $FI Acquired by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC acquired 2,082 shares of Fiserv, Inc. valued at approximately $359,000 during the second quarter.
• JPMorgan Chase & Co. and Susquehanna have both reduced their target price on Fiserv, now set at $190.00 and $220.00 respectively, while some analysts maintain a "buy" rating.
• Fiserv reported $2.47 earnings per share for the last quarter, exceeding estimates, and projected an FY 2025 guidance of 10.150-10.30 EPS.

GC Wealth Management RIA LLC acquired a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,082 shares of the business services provider's stock, valued at approximately $359,000.

A number of other hedge funds also recently added to or reduced their stakes in FI. Brighton Jones LLC raised its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC raised its stake in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock valued at $472,000 after buying an additional 116 shares during the last quarter. Merit Financial Group LLC raised its stake in Fiserv by 2.3% during the 1st quarter. Merit Financial Group LLC now owns 20,257 shares of the business services provider's stock valued at $4,473,000 after buying an additional 454 shares during the last quarter. RFG Advisory LLC purchased a new stake in Fiserv during the 1st quarter valued at $275,000. Finally, Unigestion Holding SA purchased a new stake in Fiserv during the 1st quarter valued at $1,149,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased 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. Susquehanna decreased their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 target price for the company. Truist Financial boosted their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Barclays set a $175.00 price objective on Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. One equities research 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $205.96.

Fiserv Trading Down 2.2%

Shares of Fiserv stock opened at $126.14 on Thursday. The company has a market capitalization of $68.57 billion, a P/E ratio of 21.06, a P/E/G ratio of 0.84 and a beta of 0.95. 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 company has a fifty day moving average of $135.17 and a 200 day moving average of $166.93. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results 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 company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts anticipate 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.

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