Leo Wealth LLC Buys Shares of 7,344 Fiserv, Inc. $FI

Key Points

• Leo Wealth LLC acquired 7,344 shares of Fiserv, Inc. for approximately $1,266,000 during the second quarter, highlighting growing interest among institutional investors in the stock.
• Fiserv's latest quarterly earnings showed an EPS of $2.47, surpassing analysts' expectations of $2.43 with revenue of $5.20 billion, an increase of 8.0% from the previous year.
• Multiple analysts have revised their price targets for Fiserv, with UBS Group lowering it from $225.00 to $170.00, while maintaining a "buy" rating, indicating mixed sentiment in the market.

Leo Wealth LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,344 shares of the business services provider's stock, valued at approximately $1,266,000.

A number of other hedge funds have also modified their holdings of FI. Activest Wealth Management grew its holdings in shares of Fiserv by 3,150.0% during the 1st 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 period. Hager Investment Management Services LLC purchased a new position in shares of Fiserv during the 2nd quarter worth $34,000. Christopher J. Hasenberg Inc grew its holdings in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after purchasing an additional 142 shares during the period. Armstrong Advisory Group Inc. grew its holdings in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Abound Financial LLC purchased a new position in shares of Fiserv during the 1st quarter worth $38,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI stock opened at $125.92 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $68.45 billion, a P/E ratio of 21.02, a P/E/G ratio of 0.82 and a beta of 0.95. The business's 50-day moving average is $133.43 and its two-hundred day moving average is $163.07. Fiserv, Inc. has a 1 year low of $124.89 and a 1 year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $5.20 billion. During the same quarter last year, the company earned $2.13 EPS. Fiserv's revenue for the quarter was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FI. UBS Group decreased 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. Mizuho decreased their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 29th. Morgan Stanley decreased their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Stephens decreased their target price on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Finally, Truist Financial increased their target price on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and an average price target of $205.96.

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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