Ameritas Advisory Services LLC Reduces Holdings in Fiserv, Inc. $FI

Key Points

• Ameritas Advisory Services LLC has reduced its holdings in Fiserv, Inc. by 33.6%, selling 4,899 shares during the second quarter, leaving the fund with a total of 9,685 shares valued at approximately $1.67 million.
• Several institutional investors have increased their stakes in Fiserv, with Activest Wealth Management lifting its position by 3,150% and Christopher J. Hasenberg Inc. increasing by 218.5% in the same period.
• Fiserv reported an EPS of $2.47 for the latest quarter, exceeding estimates by $0.04, while its revenue grew by 8.0% year-over-year, amounting to $5.20 billion.

Ameritas Advisory Services LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 33.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,685 shares of the business services provider's stock after selling 4,899 shares during the period. Ameritas Advisory Services LLC's holdings in Fiserv were worth $1,670,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FI. Activest Wealth Management lifted its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after buying an additional 126 shares during the last quarter. Christopher J. Hasenberg Inc lifted its holdings in 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 purchasing an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in Fiserv by 178.9% during the 2nd 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 in the last quarter. Abound Financial LLC purchased a new stake in Fiserv during the 1st quarter worth about $38,000. Finally, Saudi Central Bank purchased a new stake in Fiserv during the 1st quarter worth about $49,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $127.56 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $69.34 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The business's 50-day moving average price is $134.59 and its 200-day moving average price is $165.68. Fiserv, Inc. has a 12 month low of $124.89 and a 12 month high of $238.59.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on FI. UBS Group dropped their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Jefferies Financial Group dropped their price objective on Fiserv from $140.00 to $130.00 and set a "hold" rating on the stock in a report on Monday, September 29th. Morgan Stanley dropped their price objective on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Finally, Robert W. Baird lowered their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a 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, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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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