Ashton Thomas Securities LLC Sells 188 Shares of Fiserv, Inc. $FI

Ashton Thomas Securities LLC lowered its position in Fiserv, Inc. (NYSE:FI) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,825 shares of the business services provider’s stock after selling 188 shares during the period. Fiserv accounts for about 1.2% of Ashton Thomas Securities LLC’s investment portfolio, making the stock its 18th largest holding. Ashton Thomas Securities LLC’s holdings in Fiserv were worth $4,801,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FI. Sowell Financial Services LLC increased its stake in shares of Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after acquiring an additional 314 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in Fiserv by 7.7% in the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after purchasing an additional 106 shares during the period. Gotham Asset Management LLC increased its stake in shares of Fiserv by 5.4% during 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 in the last quarter. Jacobs & Co. CA lifted its holdings in shares of Fiserv by 26.5% during 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 last quarter. Finally, Deltec Asset Management LLC bought a new stake in shares of Fiserv in the 2nd quarter worth approximately $1,034,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FI. Jefferies Financial Group reduced their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday. Truist Financial raised their price target on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Susquehanna dropped their price target 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. Wall Street Zen raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Stock Performance

Shares of NYSE FI opened at $125.63 on Friday. The firm’s 50-day moving average price is $134.88 and its 200-day moving average price is $166.29. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. The company has a market cap of $68.29 billion, a PE ratio of 20.97, a PEG ratio of 0.82 and a beta of 0.95. 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 released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The firm 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%.During the same period in the prior year, the firm earned $2.13 EPS. The company’s 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. As a group, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current 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.