Fiserv, Inc. $FI Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in Fiserv, Inc. by 209.0% in Q2, acquiring an additional 53,972 shares and raising its total holdings to 79,802 shares valued at $13.76 million.
• Fiserv's most recent earnings report showed $2.47 earnings per share, beating estimates, with a revenue of $5.20 billion for the quarter, marking an 8.0% increase year-over-year.
• Analysts have differing views on Fiserv, with 21 issuing a Buy rating and a consensus target price of $205.96, while some have downgraded their price objectives.

Callan Family Office LLC boosted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 209.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,802 shares of the business services provider's stock after purchasing an additional 53,972 shares during the period. Callan Family Office LLC's holdings in Fiserv were worth $13,759,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Blair William & Co. IL grew its holdings in Fiserv by 5.9% during the 2nd quarter. Blair William & Co. IL now owns 2,107,519 shares of the business services provider's stock valued at $363,357,000 after purchasing an additional 117,508 shares in the last quarter. Leo Wealth LLC acquired a new stake in Fiserv during the 2nd quarter valued at $1,266,000. US Bancorp DE grew its holdings in Fiserv by 0.6% during the 2nd quarter. US Bancorp DE now owns 253,180 shares of the business services provider's stock valued at $43,651,000 after purchasing an additional 1,450 shares in the last quarter. Baxter Bros Inc. grew its holdings in Fiserv by 6.7% during the 2nd quarter. Baxter Bros Inc. now owns 36,142 shares of the business services provider's stock valued at $6,231,000 after purchasing an additional 2,270 shares in the last quarter. Finally, Tectonic Advisors LLC grew its holdings in Fiserv by 8.5% during the 2nd quarter. Tectonic Advisors LLC now owns 6,430 shares of the business services provider's stock valued at $1,109,000 after purchasing an additional 502 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent analyst reports. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. UBS Group decreased their price objective on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 25th. Truist Financial raised their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Fiserv in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and an average target price of $205.96.

Fiserv Trading Down 0.5%

Shares of NYSE:FI opened at $125.92 on Friday. The company has a market cap of $68.45 billion, a PE ratio of 21.02, a P/E/G ratio of 0.82 and a beta of 0.95. The company's 50-day moving average price is $133.43 and its 200 day moving average price is $163.07. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two week 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.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Sell-side analysts anticipate 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.

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