Mather Group LLC. Has $297,000 Stock Position in Fiserv, Inc. $FI

Mather Group LLC. decreased its holdings in Fiserv, Inc. (NYSE:FI) by 16.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,723 shares of the business services provider’s stock after selling 329 shares during the quarter. Mather Group LLC.’s holdings in Fiserv were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Nuveen LLC acquired a new position in Fiserv during the first quarter valued at approximately $1,722,584,000. JPMorgan Chase & Co. grew its holdings in Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. GAMMA Investing LLC grew its holdings in Fiserv by 21,681.0% in the first quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider’s stock worth $843,991,000 after purchasing an additional 3,804,358 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after acquiring an additional 1,842,784 shares during the last quarter. Finally, Swedbank AB grew its position in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after purchasing an additional 1,247,801 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE:FI opened at $129.55 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 firm has a market cap of $70.42 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. The firm’s 50 day simple moving average is $136.95 and its 200-day simple moving average is $168.65. Fiserv, Inc. has a one year low of $128.08 and a one year high of $238.59.

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 analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the prior year, the firm posted $2.13 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of several recent research reports. KeyCorp dropped their price objective 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. Stephens dropped their target price on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Wall Street Zen raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, UBS Group dropped their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.36.

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.