Comerica Bank Sells 5,363 Shares of Fiserv, Inc. $FI

Key Points

• Comerica Bank reduced its stake in Fiserv, Inc. by 3.0%, holding 173,420 shares worth approximately $38.3 million after selling 5,363 shares.
• Fiserv reported $2.47 earnings per share for the latest quarter, exceeding consensus estimates and showing an 8.0% revenue increase year-over-year.
• A majority of analysts have a positive outlook on Fiserv, with 22 "buy" ratings and a consensus price target of $207.08.

Comerica Bank lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,420 shares of the business services provider's stock after selling 5,363 shares during the period. Comerica Bank's holdings in Fiserv were worth $38,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vega Investment Solutions bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $28,000. Abound Financial LLC bought a new stake in shares of Fiserv during the first quarter valued at approximately $38,000. Quarry LP raised its position in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $54,000. Institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FI shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price for the company. Truist Financial raised their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Jefferies Financial Group cut their target price on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Finally, Stephens cut their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $207.36.

Fiserv Trading Up 0.3%

Shares of FI traded up $0.44 during trading hours on Friday, reaching $138.09. 3,760,057 shares of the company traded hands, compared to its average volume of 4,441,063. The firm has a market cap of $75.07 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 0.90 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock's fifty day moving average price is $152.21 and its 200 day moving average price is $182.43.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during 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%. The business's revenue was up 8.0% on a year-over-year basis. During the same period 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. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current 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.