TD Private Client Wealth LLC Sells 8,418 Shares of Fiserv, Inc. $FI

TD Private Client Wealth LLC lessened its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 41.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,749 shares of the business services provider's stock after selling 8,418 shares during the quarter. TD Private Client Wealth LLC's holdings in Fiserv were worth $2,026,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Sowell Financial Services LLC lifted its stake in Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock valued at $610,000 after purchasing an additional 314 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of Fiserv by 5.4% in the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after acquiring an additional 3,809 shares during the period. Jacobs & Co. CA boosted its stake in shares of Fiserv by 26.5% in the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock valued at $9,308,000 after purchasing an additional 11,322 shares during the last quarter. Westend Capital Management LLC grew its holdings in Fiserv by 78,332.0% during the 2nd quarter. Westend Capital Management LLC now owns 19,608 shares of the business services provider's stock worth $3,381,000 after acquiring an additional 19,583 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Fiserv by 1.5% during the 1st quarter. Swedbank AB now owns 340,946 shares of the business services provider's stock worth $75,291,000 after buying an additional 5,104 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

NYSE FI opened at $128.49 on Friday. 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 $69.84 billion, a P/E ratio of 21.45, a P/E/G ratio of 0.85 and a beta of 0.94. The company has a fifty day moving average of $137.68 and a 200-day moving average of $169.24. Fiserv, Inc. has a 52-week low of $128.08 and a 52-week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 19.69% and a net margin of 16.00%.Fiserv's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FI shares. UBS Group reduced their target price on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. KeyCorp cut their price target on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Mizuho decreased their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, July 29th. Robert W. Baird dropped 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. Finally, Stephens lowered their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One investment 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 assigned a Sell rating to the company. According to MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and a consensus target price 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.

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