6,000 Shares in Fiserv, Inc. $FI Acquired by Deltec Asset Management LLC

Key Points

• Deltec Asset Management LLC acquired 6,000 shares of Fiserv, Inc. in the second quarter, totaling approximately $1,034,000.
• Fiserv's stock recently opened at $128.87 with a market capitalization of $70.05 billion and reported a 2nd quarter EPS of $2.47, exceeding analysts' expectations.
• Various analysts have recently adjusted their price objectives for Fiserv, with KeyCorp lowering its target from $250 to $200 but maintaining an "overweight" rating, reflecting mixed sentiment on the stock's performance.

Deltec Asset Management LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,000 shares of the business services provider's stock, valued at approximately $1,034,000.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its position in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after acquiring an additional 126 shares during the last quarter. Abound Financial LLC bought a new stake in Fiserv in the 1st quarter valued at $38,000. Christopher J. Hasenberg Inc raised its stake in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after acquiring an additional 142 shares during the period. Armstrong Advisory Group Inc. increased its position in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Saudi Central Bank acquired a new stake in Fiserv in the first quarter valued at about $49,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Down 1.2%

FI stock opened at $128.87 on Wednesday. The stock's fifty day simple moving average is $135.51 and its two-hundred day simple moving average is $167.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 1-year low of $127.41 and a 1-year high of $238.59. The stock has a market cap of $70.05 billion, a P/E ratio of 21.51, a P/E/G ratio of 0.85 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. KeyCorp cut their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Jefferies Financial Group decreased their price objective on Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a report on Monday. Truist Financial boosted their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. UBS Group decreased their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $205.96.

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.

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