Fiserv, Inc. $FI Shares Sold by Chesley Taft & Associates LLC

Key Points

• Chesley Taft & Associates LLC has reduced its stake in Fiserv, Inc. by 7.1%, holding 53,713 shares valued at approximately $9.26 million as per its latest SEC filing.
• Fiserv reported earnings of $2.47 per share for the last quarter, surpassing estimates, with a year-over-year revenue increase of 8.0% to $5.20 billion.
• Analysts have mixed views on Fiserv, with target prices decreasing; Mizuho and Jefferies both lowered their price targets to $165, while Truist Financial maintains a buy rating with a target of $185.

Chesley Taft & Associates LLC decreased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 7.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,713 shares of the business services provider's stock after selling 4,112 shares during the period. Chesley Taft & Associates LLC's holdings in Fiserv were worth $9,261,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vega Investment Solutions bought a new position in shares of Fiserv during the 4th quarter valued at approximately $25,000. Activest Wealth Management lifted its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Fiserv in the 4th quarter worth $28,000. Abound Financial LLC purchased a new stake in Fiserv during the first quarter valued at approximately $38,000. Finally, Christopher J. Hasenberg Inc raised its position in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after purchasing an additional 142 shares during the period. Institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. JPMorgan Chase & Co. dropped their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Tigress Financial lifted their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research note on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price for the company. Finally, Truist Financial raised their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Trading Down 0.8%

Shares of FI traded down $1.08 during mid-day trading on Friday, reaching $131.79. The stock had a trading volume of 10,593,503 shares, compared to its average volume of 4,430,299. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The firm has a market cap of $71.64 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 0.87 and a beta of 0.94. The business's fifty day moving average is $141.26 and its 200 day moving average is $172.35. 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 (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS 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.