Mn Services Vermogensbeheer B.V. Reduces Stock Holdings in Fiserv, Inc. $FI

Mn Services Vermogensbeheer B.V. lowered its position in Fiserv, Inc. (NYSE:FI) by 5.0% in the second quarter, HoldingsChannel reports. The firm owned 208,900 shares of the business services provider’s stock after selling 11,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Fiserv were worth $36,016,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Gotham Asset Management LLC grew its holdings 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 valued at $16,490,000 after purchasing an additional 3,809 shares during the period. Kestra Private Wealth Services LLC grew its holdings in shares of Fiserv by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider’s stock valued at $1,743,000 after purchasing an additional 230 shares during the period. Jacobs & Co. CA grew its holdings in shares of Fiserv by 26.5% in the second 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 period. American National Bank & Trust grew its holdings in shares of Fiserv by 2.4% in the first quarter. American National Bank & Trust now owns 85,838 shares of the business services provider’s stock valued at $18,956,000 after purchasing an additional 1,983 shares during the period. Finally, Swedbank AB boosted its stake in Fiserv by 1.5% during the first 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 during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FI shares. Stephens lowered their target price on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. KeyCorp lowered their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Mizuho lowered their target price 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 lowered their target price 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. Finally, Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $207.36.

Fiserv Stock Up 1.0%

Shares of FI opened at $134.09 on Thursday. The stock has a market capitalization of $72.89 billion, a PE ratio of 22.39, a P/E/G ratio of 0.86 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year 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’s 50-day simple moving average is $142.00 and its 200-day simple moving average is $173.07.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. The business 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 business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.