Ballentine Partners LLC Raises Holdings in Fiserv, Inc. $FI

Key Points

• Ballentine Partners LLC increased its holdings in Fiserv, Inc. by 27.1% during the second quarter, bringing the total shares owned to 10,825 valued at approximately $1.87 million.
• Several other institutional investors also raised their positions in Fiserv, with the majority of the stock, 90.98%, owned by hedge funds and institutional entities.
• Fiserv reported earnings of $2.47 per share for the last quarter, surpassing estimates, with a revenue of $5.20 billion and an expected EPS of 10.23 for the current fiscal year.

Ballentine Partners LLC increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 27.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,825 shares of the business services provider's stock after buying an additional 2,306 shares during the quarter. Ballentine Partners LLC's holdings in Fiserv were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Accurate Wealth Management LLC raised its position in shares of Fiserv by 12.5% in the 2nd quarter. Accurate Wealth Management LLC now owns 1,505 shares of the business services provider's stock worth $255,000 after buying an additional 167 shares during the period. CCM Investment Advisers LLC raised its position in shares of Fiserv by 4.7% in the 2nd quarter. CCM Investment Advisers LLC now owns 71,058 shares of the business services provider's stock worth $12,251,000 after buying an additional 3,196 shares during the period. Oregon Pacific Wealth Management LLC raised its position in shares of Fiserv by 23.2% in the 2nd quarter. Oregon Pacific Wealth Management LLC now owns 1,396 shares of the business services provider's stock worth $241,000 after buying an additional 263 shares during the period. Lederer & Associates Investment Counsel CA raised its position in shares of Fiserv by 22.4% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 9,512 shares of the business services provider's stock worth $1,640,000 after buying an additional 1,743 shares during the period. Finally, Salvus Wealth Management LLC raised its position in Fiserv by 31.4% in the second quarter. Salvus Wealth Management LLC now owns 24,282 shares of the business services provider's stock valued at $4,186,000 after purchasing an additional 5,798 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Tigress Financial raised their price objective on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective on the stock. KeyCorp cut their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Susquehanna cut their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Stock Up 0.4%

NYSE:FI opened at $130.29 on Thursday. The company has a market capitalization of $70.82 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The stock has a 50-day simple moving average of $138.45 and a 200 day simple moving average of $169.83. 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 (NYSE:FI - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

About Fiserv

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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