Cyrus J. Lawrence LLC Sells 80,428 Shares of Fiserv, Inc. $FI

Key Points

• Cyrus J. Lawrence LLC significantly reduced its stake in Fiserv, Inc. by 94.6%, owning only 4,562 shares after selling 80,428 shares in the first quarter.
• Fiserv's latest earnings report showed an EPS of $2.47, surpassing estimates, and a revenue of $5.20 billion, with a year-over-year revenue growth of 8%.
• The stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $207.36.

Cyrus J. Lawrence LLC decreased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 94.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,562 shares of the business services provider's stock after selling 80,428 shares during the quarter. Fiserv accounts for about 3.8% of Cyrus J. Lawrence LLC's investment portfolio, making the stock its 8th largest position. Cyrus J. Lawrence LLC's holdings in Fiserv were worth $1,007,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rappaport Reiches Capital Management LLC boosted its position in shares of Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock valued at $282,000 after acquiring an additional 48 shares in the last quarter. Adero Partners LLC boosted its position in shares of Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock valued at $550,000 after acquiring an additional 55 shares in the last quarter. E Fund Management Co. Ltd. boosted its position in shares of Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider's stock valued at $323,000 after acquiring an additional 55 shares in the last quarter. Oakworth Capital Inc. boosted its position in shares of Fiserv by 5.6% during the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock valued at $235,000 after acquiring an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock valued at $206,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on FI shares. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. KeyCorp decreased their target price on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. The Goldman Sachs Group decreased their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Finally, Stephens reduced their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.36.

Fiserv Price Performance

NYSE:FI traded down $1.44 on Tuesday, reaching $136.74. The stock had a trading volume of 4,911,876 shares, compared to its average volume of 4,029,379. The company has a market capitalization of $74.33 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year 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 stock has a fifty day moving average price of $150.34 and a 200-day moving average price of $180.18.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same period in the prior year, the business earned $2.13 earnings per share. Fiserv's quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current 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.