Financiere des Professionnels Fonds d investissement inc. Sells 2,485 Shares of Fiserv, Inc. $FI

Key Points

• Financiere des Professionnels Fonds d'investissement inc. reduced its holdings in Fiserv, Inc. by 3.5%, selling 2,485 shares and ending with a total of 67,837 shares valued at approximately $11.7 million.
• Major investors have adjusted their positions, with 90.98% of Fiserv's stock now owned by institutional investors and hedge funds, indicating strong interest in the company.
• Wall Street analysts maintain a Moderate Buy consensus rating for Fiserv, with price targets decreasing across several firms, reflecting cautious sentiment amidst varying market conditions.

Financiere des Professionnels Fonds d investissement inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,837 shares of the business services provider's stock after selling 2,485 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in Fiserv were worth $11,696,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vega Investment Solutions bought a new stake in shares of Fiserv during the 4th quarter worth $25,000. Park Square Financial Group LLC acquired a new position in Fiserv during the 4th quarter valued at $28,000. Activest Wealth Management raised its stake in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Christopher J. Hasenberg Inc raised its stake in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in Fiserv during the 1st quarter valued at $38,000. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on FI shares. UBS Group cut their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research note on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective for the company. Morgan Stanley dropped their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Finally, Robert W. Baird dropped their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and a consensus price target of $207.36.

Fiserv Trading Down 0.8%

Shares of NYSE:FI traded down $1.08 during midday trading on Friday, hitting $131.79. 10,593,503 shares of the stock were exchanged, compared to its average volume of 3,646,586. The business's 50-day moving average price is $140.59 and its 200 day moving average price is $171.34. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The stock has a market capitalization of $71.64 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 0.86 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

About Fiserv

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.