Fiserv, Inc. $FI Shares Sold by Kidder Stephen W

Kidder Stephen W trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,154 shares of the business services provider’s stock after selling 298 shares during the quarter. Fiserv accounts for approximately 3.7% of Kidder Stephen W’s portfolio, making the stock its 9th biggest position. Kidder Stephen W’s holdings in Fiserv were worth $12,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Activest Wealth Management increased its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the last quarter. Christopher J. Hasenberg Inc increased its position in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the last quarter. Abound Financial LLC acquired a new position in Fiserv in the 1st quarter valued at about $38,000. Finally, Saudi Central Bank acquired a new position in Fiserv in the 1st quarter valued at about $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group dropped their target price on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. Truist Financial lifted their target price on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. dropped their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Stock Performance

Shares of Fiserv stock opened at $126.63 on Wednesday. Fiserv, Inc. has a one year low of $124.89 and a one year high of $238.59. The company has a market cap of $68.84 billion, a PE ratio of 21.14, a P/E/G ratio of 0.81 and a beta of 0.95. 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 business has a 50-day simple moving average of $133.98 and a 200-day simple moving average of $163.99.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 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 during the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the company posted $2.13 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities research analysts forecast 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.