Focus Partners Wealth Has $39.95 Million Position in Fiserv, Inc. $FI

Key Points

• Focus Partners Wealth increased its stake in Fiserv, Inc. by 340.9%, acquiring 139,861 additional shares, bringing its total holdings to 180,886 shares valued at approximately $39.95 million.
• Fiserv reported an earnings per share (EPS) of $2.47 for the last quarter, exceeding analysts' expectations of $2.43, with revenues meeting forecasts at $5.20 billion.
• Wall Street analysts have mixed ratings on Fiserv, with one Strong Buy, twenty-one Buy, two Hold, and one Sell ratings, and a consensus price target of $207.36.

Focus Partners Wealth lifted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 340.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,886 shares of the business services provider's stock after buying an additional 139,861 shares during the period. Focus Partners Wealth's holdings in Fiserv were worth $39,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FI. Vega Investment Solutions acquired a new position in shares of Fiserv during the fourth quarter worth about $25,000. Park Square Financial Group LLC acquired a new position in shares of Fiserv during the fourth quarter worth about $28,000. Activest Wealth Management boosted its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after buying an additional 126 shares during the period. Abound Financial LLC acquired a new position in Fiserv during the first quarter valued at approximately $38,000. Finally, Saudi Central Bank acquired a new position in Fiserv during the first quarter valued at approximately $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Fiserv stock opened at $132.35 on Thursday. 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, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59. The stock has a market capitalization of $71.94 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94. The stock has a fifty day moving average of $145.93 and a 200-day moving average of $176.47.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The company 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the subject of several recent research reports. Wall Street Zen cut Fiserv from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 price target for the company. Truist Financial increased their price target on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Mizuho reduced their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, July 29th. Finally, Stephens cut their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" 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 assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $207.36.

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.

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