Fiserv, Inc. $FI Stake Increased by Truist Financial Corp

Key Points

• Truist Financial Corp increased its stake in Fiserv, Inc. by 6.9%, acquiring an additional 18,299 shares during the second quarter, bringing its total ownership to approximately $48.6 million.
• Fiserv reported a quarterly earnings per share of $2.47, exceeding analyst expectations, and indicated a revenue growth of 8.0% year-over-year, totaling $5.20 billion.
• Institutional investors hold a significant portion of Fiserv, owning 90.98% of the company's stock, reflecting strong interest from multiple investment firms in recent quarters.

Truist Financial Corp lifted its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 6.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 282,081 shares of the business services provider's stock after buying an additional 18,299 shares during the quarter. Truist Financial Corp owned approximately 0.05% of Fiserv worth $48,634,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management grew 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 valued at $29,000 after buying an additional 126 shares during the last quarter. Abound Financial LLC bought a new position in shares of Fiserv during the first quarter worth about $38,000. Christopher J. Hasenberg Inc grew its position in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after acquiring an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after acquiring an additional 136 shares during the last quarter. Finally, Saudi Central Bank bought a new position in shares of Fiserv during the first quarter worth about $49,000. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of NYSE FI opened at $125.63 on Friday. Fiserv, Inc. has a twelve month low of $124.89 and a twelve month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $68.29 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.82 and a beta of 0.95. The firm has a 50-day moving average of $134.88 and a two-hundred day moving average of $166.29.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share 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 company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the prior year, the company earned $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. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on FI. 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. lowered their price target on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Jefferies Financial Group decreased their target price on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a research report on Monday. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Finally, Barclays set a $175.00 target price on shares of Fiserv and gave the company an "overweight" rating in a research report on Monday, July 28th. One equities 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $205.96.

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.

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