Prasad Wealth Partners LLC Reduces Position in Fiserv, Inc. $FI

Prasad Wealth Partners LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,149 shares of the business services provider’s stock after selling 80 shares during the period. Prasad Wealth Partners LLC’s holdings in Fiserv were worth $715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC boosted its position in Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after purchasing an additional 314 shares during the last quarter. Kathmere Capital Management LLC boosted its position 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 last quarter. Gotham Asset Management LLC boosted its position in Fiserv by 5.4% in 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 last quarter. Deltec Asset Management LLC purchased a new position in Fiserv in the second quarter worth about $1,034,000. Finally, Jacobs & Co. CA boosted its position in Fiserv by 26.5% in 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 last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Down 1.9%

Shares of FI opened at $125.08 on Tuesday. 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, Inc. has a 12-month low of $124.89 and a 12-month high of $238.59. The business’s 50 day moving average is $134.29 and its 200 day moving average is $164.25. The company has a market capitalization of $67.99 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (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 for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the previous year, the company posted $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. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Jefferies Financial Group dropped their target price on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, September 29th. JPMorgan Chase & Co. decreased their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research note on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective on the stock. Robert W. Baird decreased their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.