Jones Financial Companies Lllp Cuts Stock Holdings in Fiserv, Inc. $FI

Key Points

• Jones Financial Companies Lllp decreased its stake in Fiserv, Inc. by 58.6% during the 1st quarter, holding 48,375 shares worth approximately $10.67 million after selling 68,611 shares.
• Fiserv reported earnings of $2.47 per share in its most recent quarter, exceeding analyst estimates of $2.43, with revenue of $5.20 billion representing an 8% year-over-year increase.
• Analyst ratings for Fiserv vary, with a consensus rating of "Moderate Buy" and a target price of $207.36, reflecting recent adjustments by firms like JPMorgan and Goldman Sachs.

Jones Financial Companies Lllp lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 58.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,375 shares of the business services provider's stock after selling 68,611 shares during the quarter. Jones Financial Companies Lllp's holdings in Fiserv were worth $10,670,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FI. Vega Investment Solutions purchased a new position in Fiserv during the 4th quarter worth $25,000. Park Square Financial Group LLC bought a new position in shares of Fiserv during the fourth quarter valued at about $28,000. Activest Wealth Management boosted its holdings in 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 purchasing an additional 126 shares during the last quarter. Abound Financial LLC bought a new stake in Fiserv in the 1st quarter worth about $38,000. Finally, Saudi Central Bank purchased a new stake in Fiserv in the 1st quarter valued at about $49,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 0.0%

Shares of Fiserv stock opened at $135.03 on Tuesday. The stock has a market capitalization of $73.40 billion, a P/E ratio of 22.54, a P/E/G ratio of 0.88 and a beta of 0.94. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock's 50-day simple moving average is $147.46 and its 200 day simple moving average is $177.06.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping 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 firm 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 earned $2.13 earnings per share. The company'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. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FI shares. JPMorgan Chase & Co. cut their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Stephens cut their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. The Goldman Sachs Group reduced their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. UBS Group lowered their target price on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Finally, Tigress Financial boosted their price target on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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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