ZWJ Investment Counsel Inc. Has $50.78 Million Holdings in Fiserv, Inc. $FI

Key Points

• ZWJ Investment Counsel Inc. increased its stake in Fiserv, Inc. by 10.9% during the second quarter, owning 294,528 shares worth approximately $50.78 million.
• Analysts have recently adjusted their price targets for Fiserv, with changes including UBS lowering its target from $225.00 to $170.00 while maintaining a "buy" rating.
• Fiserv reported a quarterly revenue of $5.20 billion and an earnings per share of $2.47, surpassing analyst estimates and showing an 8.0% year-over-year revenue increase.

ZWJ Investment Counsel Inc. increased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,528 shares of the business services provider's stock after purchasing an additional 29,003 shares during the period. Fiserv makes up approximately 1.9% of ZWJ Investment Counsel Inc.'s investment portfolio, making the stock its 20th largest holding. ZWJ Investment Counsel Inc. owned about 0.05% of Fiserv worth $50,780,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Ascent Group LLC grew its stake in shares of Fiserv by 10.3% during the second quarter. Ascent Group LLC now owns 25,669 shares of the business services provider's stock worth $4,426,000 after purchasing an additional 2,388 shares during the period. Two Point Capital Management Inc. acquired a new stake in shares of Fiserv during the second quarter worth $11,876,000. Abundance Wealth Counselors grew its stake in shares of Fiserv by 3.0% during the second quarter. Abundance Wealth Counselors now owns 11,630 shares of the business services provider's stock worth $1,997,000 after purchasing an additional 337 shares during the period. Hudson Edge Investment Partners Inc. grew its stake in shares of Fiserv by 25.9% during the second quarter. Hudson Edge Investment Partners Inc. now owns 37,691 shares of the business services provider's stock worth $6,498,000 after purchasing an additional 7,747 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of Fiserv by 14.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 7,616 shares of the business services provider's stock worth $1,313,000 after purchasing an additional 942 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on FI shares. UBS Group decreased their price objective 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 decreased their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Wall Street Zen raised Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Truist Financial boosted their target price on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group decreased their target price on Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, September 29th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $205.96.

Fiserv Stock Performance

Shares of Fiserv stock opened at $127.56 on Friday. The firm has a market cap of $69.34 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The stock's 50-day moving average is $134.59 and its 200-day moving average is $165.68. Fiserv, Inc. has a one year low of $124.89 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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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