Greenleaf Trust Sells 3,557 Shares of Fiserv, Inc. $FI

Greenleaf Trust cut its stake in Fiserv, Inc. (NYSE:FI) by 24.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,153 shares of the business services provider’s stock after selling 3,557 shares during the quarter. Greenleaf Trust’s holdings in Fiserv were worth $1,923,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FI. Nuveen LLC bought a new position in shares of Fiserv in the first quarter valued at about $1,722,584,000. JPMorgan Chase & Co. increased its position in Fiserv by 77.2% during the first 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. Assenagon Asset Management S.A. increased its position in Fiserv by 939.0% during the second 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 period. Swedbank AB increased its position in Fiserv by 366.0% during the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after acquiring an additional 1,247,801 shares during the period. Finally, GQG Partners LLC bought a new position in Fiserv during the first quarter worth about $265,769,000. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 1.2%

FI opened at $128.87 on Wednesday. The company’s 50 day moving average is $135.51 and its 200-day moving average is $167.21. Fiserv, Inc. has a 1-year low of $127.41 and a 1-year high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market cap of $70.05 billion, a P/E ratio of 21.51, a PEG ratio of 0.85 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FI shares. UBS Group lowered their price target on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Truist Financial raised their price target on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Jefferies Financial Group lowered their price target on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an “overweight” rating in a research note on Monday, July 28th. Finally, Susquehanna reduced their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $205.96.

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.