Fiserv, Inc. $FI Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its stake in Fiserv, Inc. by 9.3%, acquiring an additional 2,233 shares and bringing its total holdings to 26,150 shares valued at $5,775,000.
• Fiserv recently faced differing analyst ratings, with Wall Street Zen downgrading the stock from a "buy" to a "hold" and a range of target price adjustments by multiple brokerages.
• The company reported earnings of $2.47 EPS for the last quarter, exceeding analysts' expectations, with an 8.0% increase in revenue compared to the previous year.

NewEdge Advisors LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,150 shares of the business services provider's stock after purchasing an additional 2,233 shares during the quarter. NewEdge Advisors LLC's holdings in Fiserv were worth $5,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FI. Vega Investment Solutions purchased a new stake in Fiserv during the 4th quarter worth about $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv in the 4th quarter worth about $28,000. Activest Wealth Management boosted its stake in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after buying an additional 126 shares during the last quarter. Abound Financial LLC acquired a new stake in Fiserv in the 1st quarter worth about $38,000. Finally, Saudi Central Bank acquired a new stake in Fiserv in the 1st quarter worth about $49,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FI. Stephens decreased their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Tigress Financial raised their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Finally, Morgan Stanley dropped their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and an average price target of $207.36.

Fiserv Stock Down 0.9%

Fiserv stock traded down $1.27 during midday trading on Friday, hitting $134.43. 2,913,319 shares of the company were exchanged, compared to its average volume of 3,805,741. The company's fifty day moving average price is $144.31 and its 200-day moving average price is $174.35. The company has a market cap of $73.07 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59.

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 the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.Fiserv's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.