Broyhill Asset Management LLC Sells 5,529 Shares of Fiserv, Inc. $FI

Key Points

• Broyhill Asset Management LLC has reduced its stake in Fiserv, Inc. by 24.8%, selling 5,529 shares, and now holds approximately 16,776 shares valued at about $3.7 million.
• Fiserv's recent quarterly earnings reported an EPS of $2.47, surpassing expectations, with a revenue of $5.20 billion, reflecting an 8% year-over-year increase.
• A majority of analysts have a positive outlook on Fiserv, with a consensus rating of "Moderate Buy" and an average targeted price of $207.36 per share.

Broyhill Asset Management LLC trimmed its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 24.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,776 shares of the business services provider's stock after selling 5,529 shares during the period. Fiserv accounts for about 3.0% of Broyhill Asset Management LLC's investment portfolio, making the stock its 11th largest position. Broyhill Asset Management LLC's holdings in Fiserv were worth $3,705,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vega Investment Solutions bought a new stake in Fiserv during the 4th quarter valued at approximately $25,000. Park Square Financial Group LLC bought a new stake in Fiserv during the 4th quarter valued at approximately $28,000. Abound Financial LLC bought a new stake in Fiserv during the 1st quarter valued at approximately $38,000. Quarry LP boosted its stake in Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in Fiserv during the 4th quarter valued at approximately $54,000. Institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Susquehanna lowered their price target on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. Mizuho lowered their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 29th. UBS Group lowered their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. 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 research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and an average target price of $207.36.

Fiserv Price Performance

Shares of FI traded up $0.44 on Monday, hitting $138.09. The company's stock had a trading volume of 3,769,126 shares, compared to its average volume of 4,278,463. The company has a market capitalization of $75.07 billion, a PE ratio of 23.05, a PEG ratio of 0.90 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The company has a 50 day moving average price of $151.71 and a 200 day moving average price of $181.13.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion for 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%.Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.