Northwestern Mutual Wealth Management Co. Raises Stake in Fiserv, Inc. $FI

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Fiserv, Inc. by 1.5%, now owning approximately 0.05% of the company, valued at $62.3 million.
• Fiserv reported $2.47 earnings per share for the quarter, surpassing the consensus estimate by $0.04, with revenue reaching $5.20 billion.
• Wall Street analysts have a generally positive outlook on Fiserv, with an average rating of "Moderate Buy" and an average price target of $207.08.

Northwestern Mutual Wealth Management Co. boosted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 282,329 shares of the business services provider's stock after acquiring an additional 4,070 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.05% of Fiserv worth $62,347,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC raised its holdings in Fiserv by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock valued at $1,743,000 after acquiring an additional 230 shares in the last quarter. American National Bank & Trust increased its stake in Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after purchasing an additional 1,983 shares during the last quarter. Meridian Wealth Advisors LLC increased its stake in Fiserv by 4.1% in the first quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock valued at $5,933,000 after purchasing an additional 1,046 shares during the last quarter. Ethic Inc. increased its stake in Fiserv by 15.0% in the fourth quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock valued at $20,958,000 after purchasing an additional 13,325 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of Fiserv by 17.2% during the first quarter. Cerity Partners LLC now owns 476,569 shares of the business services provider's stock worth $105,241,000 after acquiring an additional 69,977 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Price Performance

FI stock traded up $0.94 during trading on Friday, hitting $138.59. The stock had a trading volume of 1,329,570 shares, compared to its average volume of 4,432,178. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The company's 50 day moving average price is $152.21 and its two-hundred day moving average price is $182.43. 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 has a market cap of $75.34 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating 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 company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the company posted $2.13 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective on the stock. Jefferies Financial Group reduced their target price on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Mizuho decreased their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 29th. Finally, Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.