Baldwin Wealth Partners LLC MA Sells 3,248 Shares of Fiserv, Inc. $FI

Key Points

• Baldwin Wealth Partners LLC MA reduced its stake in Fiserv, Inc. by 4.0%, selling 3,248 shares during the 2nd quarter, leaving them with 77,319 shares valued at approximately $13.33 million.
• Fiserv reported a Q2 EPS of $2.47, exceeding the consensus estimate of $2.43, with revenue of $5.20 billion, reflecting an 8.0% year-over-year increase.
• The stock currently holds a consensus rating of "Moderate Buy" with a target price averaging $205.96 as per various analysts' ratings.

Baldwin Wealth Partners LLC MA reduced its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,319 shares of the business services provider's stock after selling 3,248 shares during the quarter. Baldwin Wealth Partners LLC MA's holdings in Fiserv were worth $13,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management boosted its stake 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 worth $29,000 after acquiring an additional 126 shares during the period. Abound Financial LLC bought a new position in shares of Fiserv during the 1st quarter worth approximately $38,000. Hager Investment Management Services LLC bought a new position in shares of Fiserv during the 2nd quarter worth approximately $34,000. 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 during the period. Finally, Armstrong Advisory Group Inc. boosted its stake in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock valued at $37,000 after purchasing an additional 136 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

FI opened at $125.92 on Friday. The firm has a market cap of $68.45 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. 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 business's fifty day moving average is $133.43 and its 200-day moving average is $163.07.

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

Analyst Ratings Changes

Several research firms recently issued reports on FI. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Jefferies Financial Group reduced their price target on Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, September 29th. KeyCorp reduced their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Weiss Ratings restated a "hold (c)" rating on shares of Fiserv in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company 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, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and an average price target of $205.96.

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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