WoodTrust Financial Corp Sells 300 Shares of Fiserv, Inc. $FI

WoodTrust Financial Corp trimmed its stake in Fiserv, Inc. (NYSE:FI) by 11.5% during the 2nd quarter, Holdings Channel reports. The firm owned 2,307 shares of the business services provider’s stock after selling 300 shares during the quarter. WoodTrust Financial Corp’s holdings in Fiserv were worth $398,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rappaport Reiches Capital Management LLC raised its holdings in shares of Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after buying an additional 48 shares during the period. Adero Partners LLC raised its holdings in shares of Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock valued at $550,000 after buying an additional 55 shares during the period. E Fund Management Co. Ltd. raised its holdings in shares of Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after buying an additional 55 shares during the period. Oakworth Capital Inc. raised its holdings in shares of Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock valued at $235,000 after buying an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after buying an additional 56 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FI has been the topic of several recent research reports. Mizuho cut their price target on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, July 29th. UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Stephens cut their price target on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. cut their price target on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Finally, Susquehanna cut their price target on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. One research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $205.96.

Fiserv Trading Up 1.3%

FI 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 P/E ratio of 21.14, a PEG 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’s 50-day simple moving average is $133.98 and its 200-day simple moving average is $163.99.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the business posted $2.13 EPS. 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. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

About Fiserv

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.