Logan Capital Management Inc. Sells 4,960 Shares of Fiserv, Inc. $FI

Key Points

• Logan Capital Management Inc. reduced its stake in Fiserv, Inc. by 6.1% during the first quarter, now holding 75,845 shares worth approximately $16.75 million.
• Fiserv posted an earnings per share (EPS) of $2.47, exceeding analysts' expectations of $2.43, with revenue reaching $5.20 billion for the quarter.
• Analyst price targets for Fiserv have varied, with recent adjustments resulting in a range from $165 to $194, reflecting mixed sentiment on the stock's performance.

Logan Capital Management Inc. lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,845 shares of the business services provider's stock after selling 4,960 shares during the period. Logan Capital Management Inc.'s holdings in Fiserv were worth $16,749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FI. Vega Investment Solutions bought a new stake in shares of Fiserv during the 4th quarter worth approximately $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $28,000. Activest Wealth Management raised its stake 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 in the last quarter. Abound Financial LLC bought a new stake in Fiserv in the 1st quarter valued at $38,000. Finally, Saudi Central Bank bought a new stake in Fiserv in the 1st quarter valued at $49,000. Institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stephens lowered 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. Robert W. Baird reduced their price objective on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Mizuho cut their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 29th. Tigress Financial lifted their price target on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, The Goldman Sachs Group lowered their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. One research 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $207.36.

Fiserv Stock Performance

Shares of NYSE:FI traded down $1.27 during midday trading on Friday, reaching $134.43. 2,913,319 shares of the company traded hands, compared to its average volume of 3,805,741. The firm has a market capitalization of $73.07 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. 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 firm's fifty day moving average price is $144.31 and its two-hundred day moving average price is $174.35. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The firm 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%.The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv Company 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.