CX Institutional Reduces Stock Holdings in Fiserv, Inc. $FI

Key Points

• CX Institutional has reduced its stake in Fiserv, Inc. by 21.0%, now holding 47,189 shares worth approximately $8.14 million.
• Several analysts have adjusted their price targets for Fiserv, with JPMorgan lowering it from $210.00 to $190.00 while maintaining an "overweight" rating.
• Fiserv reported $2.47 EPS for the last quarter, surpassing estimates, and guided for fiscal year 2025 earnings between $10.150 and $10.30 EPS.

CX Institutional decreased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 21.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,189 shares of the business services provider's stock after selling 12,549 shares during the quarter. CX Institutional's holdings in Fiserv were worth $8,136,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FI. Vega Investment Solutions acquired a new stake in Fiserv in the 4th quarter valued at $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv in the 4th quarter valued at $28,000. Activest Wealth Management grew its position in 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 purchasing an additional 126 shares during the period. Christopher J. Hasenberg Inc grew its position in Fiserv by 218.5% in the 2nd 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. Finally, Abound Financial LLC bought a new position in shares of Fiserv during the first quarter valued at about $38,000. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of FI stock traded down $1.08 during trading on Friday, hitting $131.79. The company had a trading volume of 10,593,503 shares, compared to its average volume of 3,868,131. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock's 50-day moving average is $140.59 and its two-hundred day moving average is $171.00. The stock has a market capitalization of $71.64 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping 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 net margin of 16.00% and a return on equity of 19.69%. Fiserv's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FI. UBS Group reduced their price objective on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Truist Financial boosted their price target on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price target on the stock. Morgan Stanley cut their price target on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. 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 investment 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 company's stock. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

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.