Abundance Wealth Counselors Purchases 337 Shares of Fiserv, Inc. $FI

Abundance Wealth Counselors increased its position in Fiserv, Inc. (NYSE:FI) by 3.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,630 shares of the business services provider’s stock after buying an additional 337 shares during the quarter. Abundance Wealth Counselors’ holdings in Fiserv were worth $1,997,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FI. Activest Wealth Management lifted its position in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Christopher J. Hasenberg Inc lifted its position in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Abound Financial LLC bought a new stake in Fiserv in the first quarter valued at approximately $38,000. Finally, Saudi Central Bank bought a new stake in Fiserv in the first quarter valued at approximately $49,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FI shares. JPMorgan Chase & Co. lowered their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Robert W. Baird lowered their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a report on Thursday, July 17th. They set a “buy” rating and a $200.00 target price for the company. Wall Street Zen upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Price Performance

Shares of FI stock opened at $125.63 on Friday. The stock has a market cap of $68.29 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.82 and a beta of 0.95. The business’s fifty day moving average is $134.88 and its 200 day moving average is $166.29. Fiserv, Inc. has a twelve month low of $124.89 and a twelve month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 19.69% and a net margin of 16.00%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts expect that Fiserv, Inc. will post 10.23 EPS 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.