Clayton Partners LLC Sells 10,244 Shares of Fiserv, Inc. $FI

Key Points

• Clayton Partners LLC reduced its stake in Fiserv, Inc. by 37.5%, holding 17,105 shares after selling 10,244 shares, which now represent 3.3% of its investment portfolio.
• Fiserv reported an Earnings Per Share (EPS) of $2.47 for the last quarter, exceeding expectations, with a revenue of $5.20 billion and an annual growth of 8%.
• Analysts have a consensus price target of $207.36 for Fiserv, with 21 analysts rating it as a Buy and one as a Sell.

Clayton Partners LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,105 shares of the business services provider's stock after selling 10,244 shares during the period. Fiserv comprises 3.3% of Clayton Partners LLC's portfolio, making the stock its 11th largest position. Clayton Partners LLC's holdings in Fiserv were worth $3,777,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC raised its stake in Fiserv by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock worth $1,743,000 after buying an additional 230 shares in the last quarter. American National Bank & Trust grew its holdings in Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after purchasing an additional 1,983 shares during the period. Meridian Wealth Advisors LLC grew its holdings in Fiserv by 4.1% in the first quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after purchasing an additional 1,046 shares during the period. Ethic Inc. grew its holdings in Fiserv by 15.0% in the fourth quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock worth $20,958,000 after purchasing an additional 13,325 shares during the period. Finally, Cerity Partners LLC grew its holdings in Fiserv by 17.2% in the first quarter. Cerity Partners LLC now owns 476,569 shares of the business services provider's stock worth $105,241,000 after purchasing an additional 69,977 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Fiserv stock traded down $0.58 during midday trading on Wednesday, reaching $136.20. 1,287,107 shares of the company traded hands, compared to its average volume of 4,430,690. The firm has a market capitalization of $74.04 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The business has a 50 day moving average of $150.34 and a two-hundred day moving average of $180.18. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. 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 issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

FI has been the topic of a number of recent research reports. Tigress Financial upped their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Keefe, Bruyette & Woods cut their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Stephens cut their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Finally, Susquehanna cut their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.36.

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.