Focus Financial Network Inc. Acquires 7,875 Shares of Fiserv, Inc. $FI

Key Points

• Focus Financial Network Inc. increased its stake in Fiserv, Inc. by 83.0% in Q2, owning 17,368 shares valued at approximately $2.99 million as of the latest SEC filing.
• Fiserv reported a Q2 EPS of $2.47, exceeding the consensus estimate by $0.04, with an 8.0% year-over-year revenue increase.
• Wall Street analysts maintain a "Moderate Buy" rating for Fiserv, with an average price target of $207.36.

Focus Financial Network Inc. boosted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 83.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,368 shares of the business services provider's stock after purchasing an additional 7,875 shares during the period. Focus Financial Network Inc.'s holdings in Fiserv were worth $2,994,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FI. Vega Investment Solutions bought a new position in Fiserv in the fourth quarter worth approximately $25,000. Park Square Financial Group LLC bought a new position in Fiserv in the fourth quarter worth approximately $28,000. Activest Wealth Management raised its position in 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 acquiring an additional 126 shares during the period. Christopher J. Hasenberg Inc raised its position in Fiserv by 218.5% in 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 period. Finally, Abound Financial LLC bought a new position in Fiserv in the first quarter worth approximately $38,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 0.8%

FI traded down $1.08 on Friday, reaching $131.79. 10,593,503 shares of the company traded hands, compared to its average volume of 3,646,586. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The firm has a fifty day simple moving average of $140.59 and a two-hundred day simple moving average of $171.34. The company has a market cap of $71.64 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. 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 (NYSE:FI - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $5.20 billion. During the same quarter last year, the business posted $2.13 EPS. The firm's revenue for the quarter 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, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on FI. Truist Financial increased their price target on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Robert W. Baird reduced their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. 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. KeyCorp reduced their price objective on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, Mizuho reduced their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $207.36.

Fiserv Company 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.