Addenda Capital Inc. Lowers Stock Holdings in Fiserv, Inc. $FI

Key Points

• Addenda Capital Inc. has reduced its stake in Fiserv, Inc. by 18.7%, holding 60,895 shares after selling 13,968 shares in the second quarter, valuing its holdings at approximately $10.5 million.
• Institutional ownership of Fiserv remains high, with about 90.98% of the stock owned by institutional investors and hedge funds, highlighting strong interest in the company.
• Wall Street analysts generally maintain a positive outlook on Fiserv, with a consensus rating of "Moderate Buy" and a price target averaging around $207.36.

Addenda Capital Inc. lowered its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 18.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,895 shares of the business services provider's stock after selling 13,968 shares during the quarter. Addenda Capital Inc.'s holdings in Fiserv were worth $10,499,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Activest Wealth Management lifted its stake in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares during the period. Abound Financial LLC acquired a new stake in shares of Fiserv during the 1st quarter valued at approximately $38,000. Christopher J. Hasenberg Inc boosted its stake in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after acquiring an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after acquiring an additional 136 shares during the period. Finally, Saudi Central Bank purchased a new position in Fiserv in the 1st quarter valued at approximately $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FI. Barclays set a $175.00 target price on Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. KeyCorp reduced their price objective on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Wall Street Zen raised shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Finally, Stephens lowered their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Stock Performance

Shares of NYSE:FI opened at $129.55 on Friday. The business's 50-day simple moving average is $136.95 and its 200 day simple moving average is $168.36. The company has a market cap of $70.42 billion, a P/E ratio of 21.63, a PEG ratio of 0.84 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. Fiserv, Inc. has a one year low of $128.08 and a one year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts forecast 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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