Fiserv, Inc. $FI Shares Sold by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC has reduced its position in Fiserv, Inc. by 14.1% in the first quarter, leaving it with 15,515 shares valued at approximately $3.426 million.
• Fiserv reported a Q1 EPS of $2.47, exceeding analysts' estimates, with revenues of $5.20 billion, reflecting a 8.0% year-over-year increase.
• Analysts have adjusted their target prices for Fiserv, with the average target now at $207.36, indicating a Moderate Buy rating among equity research analysts.

Ashton Thomas Private Wealth LLC lowered its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,515 shares of the business services provider's stock after selling 2,554 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Fiserv were worth $3,426,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FI. Vega Investment Solutions bought a new stake in Fiserv in the fourth quarter worth about $25,000. Park Square Financial Group LLC bought a new position in Fiserv in the fourth quarter worth approximately $28,000. Activest Wealth Management raised its stake in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after buying an additional 126 shares in the last quarter. Abound Financial LLC bought a new position in Fiserv in the first quarter worth approximately $38,000. Finally, Saudi Central Bank bought a new position in Fiserv in the first quarter worth approximately $49,000. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 0.9%

Shares of Fiserv stock traded down $1.27 during mid-day trading on Friday, hitting $134.43. The stock had a trading volume of 2,913,319 shares, compared to its average volume of 3,805,741. The firm has a 50-day moving average of $144.31 and a two-hundred day moving average of $174.35. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. 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 firm has a market cap of $73.07 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the prior year, the company posted $2.13 EPS. The business's revenue for the quarter was up 8.0% on a year-over-year basis. 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.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Robert W. Baird cut their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 price target on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Finally, Stephens reduced their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.