Sheets Smith Wealth Management Sells 2,972 Shares of Fiserv, Inc. $FI

Key Points

• Sheets Smith Wealth Management has significantly reduced its stake in Fiserv, Inc. by 67.5%, selling 2,972 shares, leaving them with only 1,429 shares worth $246,000.
• Other institutional investors have either increased or decreased their holdings in Fiserv, with 90.98% of the stock now owned by hedge funds and other institutional investors.
• Fiserv's stock has recently seen a decrease of 1.6% and has a consensus target price of $207.36, with the majority of analysts rating it as a "Moderate Buy."

Sheets Smith Wealth Management reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 67.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,429 shares of the business services provider's stock after selling 2,972 shares during the period. Sheets Smith Wealth Management's holdings in Fiserv were worth $246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Pacific Wealth Management LLC lifted its holdings in Fiserv by 23.2% during the second quarter. Oregon Pacific Wealth Management LLC now owns 1,396 shares of the business services provider's stock valued at $241,000 after purchasing an additional 263 shares in the last quarter. Lederer & Associates Investment Counsel CA raised its position in shares of Fiserv by 22.4% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 9,512 shares of the business services provider's stock valued at $1,640,000 after purchasing an additional 1,743 shares during the period. Salvus Wealth Management LLC lifted its stake in shares of Fiserv by 31.4% during the 2nd quarter. Salvus Wealth Management LLC now owns 24,282 shares of the business services provider's stock valued at $4,186,000 after buying an additional 5,798 shares in the last quarter. LaFleur & Godfrey LLC boosted its holdings in Fiserv by 3.9% in the 2nd quarter. LaFleur & Godfrey LLC now owns 21,028 shares of the business services provider's stock worth $3,625,000 after buying an additional 789 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its holdings in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after buying an additional 136 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Down 1.6%

Shares of FI opened at $128.49 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 stock has a market capitalization of $69.84 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $128.08 and a 1 year high of $238.59. The business's 50 day simple moving average is $137.68 and its 200-day simple moving average is $169.24.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FI shares. Robert W. Baird decreased their price target on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. decreased their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Mizuho lowered their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective for the company. Finally, Tigress Financial boosted their target price on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.36.

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.

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