Baird Financial Group Inc. Decreases Stock Position in Fiserv, Inc. $FI

Key Points

• Baird Financial Group Inc. reduced its holdings in Fiserv, Inc. by 5.8%, now owning 812,169 shares valued at approximately $179.35 million.
• Several institutional investors increased their stakes in Fiserv, with Pinnacle Wealth Planning Services boosting its ownership by 15.8% and Vident Advisory LLC increasing its stake by a significant 73.2%.
• Analysts have adjusted their price targets for Fiserv, with UBS lowering it from $225 to $170, while the consensus rating remains a "Moderate Buy" with a target price of $207.36.

Baird Financial Group Inc. cut its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 812,169 shares of the business services provider's stock after selling 49,962 shares during the period. Baird Financial Group Inc. owned 0.15% of Fiserv worth $179,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. boosted its stake in Fiserv by 15.8% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,501 shares of the business services provider's stock worth $331,000 after purchasing an additional 205 shares during the period. Activest Wealth Management raised its holdings 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 buying an additional 126 shares during the last quarter. Palogic Value Management L.P. boosted its stake in shares of Fiserv by 4.9% during the first quarter. Palogic Value Management L.P. now owns 1,948 shares of the business services provider's stock worth $430,000 after buying an additional 91 shares during the period. Vident Advisory LLC grew its holdings in shares of Fiserv by 73.2% during the first quarter. Vident Advisory LLC now owns 238,532 shares of the business services provider's stock worth $52,675,000 after buying an additional 100,828 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of Fiserv by 2.1% during the first quarter. Evergreen Capital Management LLC now owns 5,710 shares of the business services provider's stock worth $1,261,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

FI has been the subject of a number of recent research reports. Tigress Financial increased their price objective on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 price target for the company. UBS Group lowered their price objective on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Stephens cut their price objective on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Susquehanna dropped their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Price Performance

Shares of NYSE:FI traded down $1.44 on Tuesday, reaching $136.74. 4,911,876 shares of the company were exchanged, compared to its average volume of 4,450,029. 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 $128.22 and a 1-year high of $238.59. The company has a 50-day moving average of $151.06 and a 200-day moving average of $180.49. The firm has a market cap of $74.33 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.

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