Merit Financial Group LLC Sells 1,092 Shares of Fiserv, Inc. $FI

Merit Financial Group LLC trimmed its position in Fiserv, Inc. (NYSE:FI) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,165 shares of the business services provider’s stock after selling 1,092 shares during the quarter. Merit Financial Group LLC’s holdings in Fiserv were worth $3,304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC grew its stake in shares of Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after buying an additional 314 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Fiserv by 7.7% during 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 lifted its holdings 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 worth $16,490,000 after purchasing an additional 3,809 shares during the period. Deltec Asset Management LLC acquired a new position in shares of Fiserv during the second quarter worth $1,034,000. Finally, 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 worth $9,308,000 after purchasing an additional 11,322 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $126.63 on Wednesday. The firm’s 50-day moving average price is $133.98 and its 200-day moving average price is $163.99. Fiserv, Inc. has a 1-year low of $124.89 and a 1-year high of $238.59. The firm has a market capitalization of $68.84 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.81 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FI shares. Wall Street Zen upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a report on Saturday, September 27th. Jefferies Financial Group dropped their target price on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, September 29th. Finally, Robert W. Baird dropped their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $205.96.

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.