Harrell Investment Partners LLC Cuts Stock Holdings in Fiserv, Inc. $FI

Key Points

• Harrell Investment Partners LLC has significantly cut its stake in Fiserv, Inc. by 80.5%, leaving it with 2,510 shares valued at approximately $433,000.
• Several other institutional investors, including Gotham Asset Management and Westend Capital Management, have increased their positions in Fiserv, highlighting mixed investor sentiment.
• Fiserv reported quarterly earnings that surpassed estimates, with a revenue of $5.20 billion and an EPS of $2.47, prompting analysts to adjust price targets for the stock.

Harrell Investment Partners LLC reduced its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 80.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,510 shares of the business services provider's stock after selling 10,333 shares during the period. Harrell Investment Partners LLC's holdings in Fiserv were worth $433,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Gotham Asset Management LLC increased its stake in Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after buying an additional 3,809 shares in the last quarter. Jacobs & Co. CA increased its stake in Fiserv by 26.5% during the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock worth $9,308,000 after buying an additional 11,322 shares in the last quarter. Westend Capital Management LLC boosted its holdings in shares of Fiserv by 78,332.0% during the 2nd quarter. Westend Capital Management LLC now owns 19,608 shares of the business services provider's stock worth $3,381,000 after purchasing an additional 19,583 shares during the last quarter. Swedbank AB boosted its holdings in shares of Fiserv by 1.5% during the 1st quarter. Swedbank AB now owns 340,946 shares of the business services provider's stock worth $75,291,000 after purchasing an additional 5,104 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Fiserv by 3.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock worth $1,743,000 after purchasing an additional 230 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.4%

NYSE:FI opened at $130.29 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock's fifty day moving average is $138.45 and its two-hundred day moving average is $169.83. 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 $70.82 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last released 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. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FI shares. JPMorgan Chase & Co. lowered their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Susquehanna lowered their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a report on Thursday, July 24th. UBS Group lowered their target price on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Truist Financial boosted their target price on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. One research 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

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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