Ascent Group LLC reduced its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 15.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,281 shares of the business services provider's stock after selling 4,398 shares during the period. Ascent Group LLC's holdings in Fiserv were worth $5,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in the company. Vega Investment Solutions purchased a new stake in shares of Fiserv in the fourth quarter worth about $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv in the fourth quarter worth about $28,000. Activest Wealth Management boosted its stake in shares of 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 during the last quarter. Abound Financial LLC purchased a new stake in shares of Fiserv in the first quarter worth about $38,000. Finally, Saudi Central Bank purchased a new stake in shares of Fiserv in the first quarter worth about $49,000. Hedge funds and other institutional investors own 90.98% of the company's stock.
Fiserv Price Performance
NYSE:FI opened at $134.96 on Monday. The stock's fifty day moving average is $148.21 and its two-hundred day moving average is $177.74. Fiserv, Inc. has a 52 week low of $128.22 and a 52 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. The company has a market capitalization of $73.36 billion, a P/E ratio of 22.53, a P/E/G ratio of 0.88 and a beta of 0.94.
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 (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Tigress Financial increased their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Keefe, Bruyette & Woods decreased their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Morgan Stanley decreased their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Finally, KeyCorp decreased their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $207.36.
View Our Latest Report on Fiserv
About Fiserv
(
Free Report)
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.
Further Reading
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