Venturi Wealth Management LLC Boosts Stake in Fiserv, Inc. $FI

Key Points

• Venturi Wealth Management LLC increased its stake in Fiserv, Inc. by 6.2% in the second quarter, bringing its holdings to a total of 74,256 shares valued at approximately $12.8 million.
• Multiple large investors have shown interest in Fiserv, with Activest Wealth Management boosting its stake by 3,150% and numerous firms establishing new positions in the company.
• Fiserv reported earnings of $2.47 EPS for the quarter, exceeding expectations, with a revenue of $5.20 billion and a year-over-year revenue increase of 8.0%.

Venturi Wealth Management LLC raised its position in Fiserv, Inc. (NYSE:FI - Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,256 shares of the business services provider's stock after buying an additional 4,339 shares during the period. Venturi Wealth Management LLC's holdings in Fiserv were worth $12,802,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Activest Wealth Management increased its stake in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after purchasing an additional 126 shares during the last quarter. Abound Financial LLC purchased a new stake in shares of Fiserv during the 1st quarter worth approximately $38,000. Christopher J. Hasenberg Inc increased its stake in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after purchasing an additional 136 shares during the last quarter. Finally, Saudi Central Bank purchased a new stake in shares of Fiserv during the 1st quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FI shares. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Mizuho reduced their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, July 29th. Susquehanna reduced their price objective on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday, July 24th. 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 note on Thursday, July 17th. Finally, Robert W. Baird reduced their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $205.96.

Fiserv Stock Performance

NYSE FI opened at $126.63 on Wednesday. Fiserv, Inc. has a 52-week low of $124.89 and a 52-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 $68.84 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.81 and a beta of 0.95. The company has a fifty day moving average of $133.98 and a 200-day moving average of $163.99.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping 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 net margin of 16.00% and a return on equity of 19.69%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $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.

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.

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