Wealth Enhancement Advisory Services LLC Buys 37,144 Shares of Fiserv, Inc. $FI

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Fiserv, Inc. by 26.5%, owning 177,458 shares worth approximately $31.15 million as of the latest SEC filing.
• Analysts have lowered target prices for Fiserv, with estimates ranging from $165 to $266, while maintaining an average rating of "Moderate Buy".
• Fiserv reported $2.47 earnings per share for the last quarter, surpassing expectations and showing an 8% year-over-year revenue increase.

Wealth Enhancement Advisory Services LLC increased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 26.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,458 shares of the business services provider's stock after buying an additional 37,144 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Fiserv were worth $31,153,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Vega Investment Solutions purchased a new stake in shares of Fiserv during the fourth quarter valued at $25,000. Activest Wealth Management raised its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after purchasing an additional 126 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $28,000. Abound Financial LLC acquired a new stake in Fiserv in the 1st quarter valued at about $38,000. Finally, Christopher J. Hasenberg Inc grew its stake in shares of 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 buying an additional 142 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho reduced their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. UBS Group cut their price target on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Truist Financial lifted their price objective on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Susquehanna lowered their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Fiserv has an average rating of "Moderate Buy" and an average price target of $207.36.

Fiserv Stock Down 1.1%

FI stock traded down $1.48 during mid-day trading on Monday, hitting $130.32. 5,113,150 shares of the company were exchanged, compared to its average volume of 4,431,776. The firm has a fifty day simple moving average of $140.59 and a 200 day simple moving average of $171.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The company has a market capitalization of $70.84 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last posted 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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same period in the previous year, the business posted $2.13 EPS. Fiserv's 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, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.