Atticus Wealth Management LLC Makes New $159,000 Investment in Fiserv, Inc. $FI

Atticus Wealth Management LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 920 shares of the business services provider’s stock, valued at approximately $159,000.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC lifted its stake in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares during the last quarter. Woodline Partners LP acquired a new stake in Fiserv during the fourth quarter valued at approximately $7,018,000. Waverly Advisors LLC boosted its holdings in Fiserv by 325.7% during the fourth quarter. Waverly Advisors LLC now owns 7,500 shares of the business services provider’s stock worth $1,541,000 after buying an additional 5,738 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in Fiserv in the fourth quarter worth approximately $554,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

FI stock opened at $132.83 on Friday. The stock has a market cap of $72.21 billion, a P/E ratio of 22.18, a P/E/G ratio of 0.87 and a beta of 0.94. 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 firm has a 50 day simple moving average of $141.26 and a 200 day simple moving average of $172.35. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week high of $238.59.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter last year, the business posted $2.13 EPS. The company’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. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Truist Financial raised their price objective on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Tigress Financial increased their price target on Fiserv from $244.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Robert W. Baird cut their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Finally, Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.36.

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.