Sendero Wealth Management LLC Increases Stake in Fiserv, Inc. $FI

Sendero Wealth Management LLC grew its position in Fiserv, Inc. (NYSE:FI - Free Report) by 18.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,161 shares of the business services provider's stock after buying an additional 4,955 shares during the period. Sendero Wealth Management LLC's holdings in Fiserv were worth $5,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock worth $472,000 after purchasing an additional 116 shares in the last quarter. RFG Advisory LLC purchased a new position in shares of Fiserv in the first quarter worth $275,000. Pines Wealth Management LLC bought a new position in shares of Fiserv during the first quarter valued at $367,000. Finally, Sivia Capital Partners LLC lifted its holdings in shares of Fiserv by 7.9% during the first quarter. Sivia Capital Partners LLC now owns 1,814 shares of the business services provider's stock valued at $401,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective for the company. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Jefferies Financial Group lowered their price objective on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating on the stock in a research report on Monday, September 29th. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, UBS Group decreased their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $205.96.

Fiserv Price Performance

NYSE FI opened at $127.56 on Monday. The business's fifty day moving average is $134.59 and its 200 day moving average is $164.90. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two 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 company has a market capitalization of $69.34 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95.

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, topping the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter last year, the company earned $2.13 earnings per share. The business'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. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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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