Fiserv, Inc. $FI Shares Sold by CX Institutional

Key Points

• CX Institutional has reduced its holdings in Fiserv, Inc. by 22.8% in the second quarter, now owning approximately $7.95 million worth of shares.
• Other major investors, including Nuveen LLC and JPMorgan Chase & Co., have either increased or initiated significant stakes in Fiserv, indicating strong institutional interest with over 90.98% of the stock owned by institutional investors.
• Fiserv reported a quarterly earnings per share of $2.47, surpassing estimates by $0.04, with revenue of $5.20 billion reflecting an 8.0% year-over-year increase.

CX Institutional cut its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 22.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,097 shares of the business services provider's stock after selling 13,641 shares during the quarter. CX Institutional's holdings in Fiserv were worth $7,948,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vega Investment Solutions purchased a new position in Fiserv in the fourth quarter worth approximately $25,000. Park Square Financial Group LLC purchased a new stake in Fiserv during the 4th quarter worth about $28,000. Activest Wealth Management increased its holdings in shares of Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after acquiring an additional 126 shares during the last quarter. Christopher J. Hasenberg Inc lifted its stake in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FI. Susquehanna reduced their price target on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday, July 24th. Jefferies Financial Group cut their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Wall Street Zen upgraded Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays set a $175.00 price target on Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Truist Financial raised their price target on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Stock Performance

FI traded down $1.43 during trading on Monday, reaching $130.37. The company's stock had a trading volume of 7,526,139 shares, compared to its average volume of 4,446,020. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The company's fifty day moving average price is $140.59 and its 200-day moving average price is $171.00. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The company has a market capitalization of $70.87 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.