Janney Montgomery Scott LLC cut its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 22.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 48,974 shares of the business services provider's stock after selling 13,870 shares during the quarter. Janney Montgomery Scott LLC's holdings in Fiserv were worth $8,444,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Activest Wealth Management increased 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 purchasing an additional 126 shares during the period. Christopher J. Hasenberg Inc increased its position in shares of 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 period. Armstrong Advisory Group Inc. increased its position in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock valued at $37,000 after purchasing an additional 136 shares during the period. Abound Financial LLC acquired a new position in shares of Fiserv during the 1st quarter valued at $38,000. Finally, Saudi Central Bank acquired a new position in shares of Fiserv during the 1st quarter valued at $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently issued reports on FI. Stephens lowered their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Barclays set a $175.00 target price on Fiserv and gave the stock an "overweight" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 target price on the stock. Robert W. Baird decreased their target price on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Finally, Mizuho decreased their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $205.96.
Read Our Latest Research Report on FI
Fiserv Stock Performance
Shares of Fiserv stock opened at $127.56 on Monday. The stock has a market cap of $69.34 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The business has a fifty day simple moving average of $134.59 and a 200-day simple moving average of $164.90. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 12 month low of $124.89 and a 12 month high of $238.59.
Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during 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%.Fiserv's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.
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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