HMV Wealth Advisors LLC Reduces Position in Fiserv, Inc. $FI

Key Points

• HMV Wealth Advisors LLC has reduced its stake in Fiserv, Inc. by 72.0% during Q2, resulting in holdings worth $204,000.
• Several institutional investors, including Vanguard Group and JPMorgan Chase, have increased their positions in Fiserv, reflecting a broader trend in investor interest.
• Fiserv reported earnings that exceeded analysts' expectations for the last quarter, with a revenue of $5.20 billion and $2.47 EPS, indicating a year-over-year revenue increase of 8.0%.

HMV Wealth Advisors LLC reduced its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 72.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,182 shares of the business services provider's stock after selling 3,046 shares during the quarter. HMV Wealth Advisors LLC's holdings in Fiserv were worth $204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after purchasing an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after acquiring an additional 253,544 shares during the period. Nuveen LLC acquired a new position in Fiserv in the 1st quarter valued at $1,722,584,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Fiserv by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after purchasing an additional 287,420 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Mizuho lowered their price objective on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, July 29th. KeyCorp lowered their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Stephens cut their price objective on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Finally, Truist Financial upped 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and a consensus price target of $205.96.

Fiserv Stock Down 1.9%

Shares of Fiserv stock opened at $125.08 on Tuesday. Fiserv, Inc. has a twelve month low of $124.89 and a twelve month high of $238.59. The stock has a market cap of $67.99 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. 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 fifty day moving average price of $134.29 and a 200 day moving average price of $164.25.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data 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 quarter in the previous year, the firm posted $2.13 earnings per share. The firm's quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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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