Clear Creek Financial Management LLC Has $867,000 Stock Position in Fiserv, Inc. $FI

Key Points

• Clear Creek Financial Management LLC reduced its stake in Fiserv, Inc. by 29.5%, now holding shares worth $867,000 after selling 2,107 shares in the second quarter.
• Several institutional investors, notably Vanguard Group Inc. and JPMorgan Chase & Co., have increased their holdings in Fiserv, indicating continued confidence in the company's prospects.
• Fiserv reported a quarterly earnings per share (EPS) of $2.47, beating estimates, and projected a FY 2025 EPS guidance between $10.150 and $10.30.

Clear Creek Financial Management LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 29.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,027 shares of the business services provider's stock after selling 2,107 shares during the quarter. Clear Creek Financial Management LLC's holdings in Fiserv were worth $867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after buying an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after acquiring an additional 253,544 shares during the last quarter. Nuveen LLC bought a new position in shares of Fiserv during the first quarter worth about $1,722,584,000. Finally, Alliancebernstein L.P. raised its position in shares of Fiserv by 5.3% during the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after acquiring an additional 287,420 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Susquehanna lowered their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price for the company. Morgan Stanley lowered their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Finally, Truist Financial lifted their target price on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. One 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. According to MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and a consensus target price of $205.96.

Fiserv Trading Down 0.5%

Shares of Fiserv stock opened at $125.92 on Friday. The stock has a market capitalization of $68.45 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. 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, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59. The stock has a 50 day moving average price of $133.43 and a two-hundred day moving average price of $163.07.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) 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 analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.Fiserv's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous 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, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share 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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