CreativeOne Wealth LLC Trims Position in Fiserv, Inc. $FI

CreativeOne Wealth LLC lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 15.5% during the 1st quarter, Holdings Channel reports. The fund owned 8,722 shares of the business services provider’s stock after selling 1,604 shares during the quarter. CreativeOne Wealth LLC’s holdings in Fiserv were worth $1,926,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vega Investment Solutions purchased a new position in shares of Fiserv during the 4th quarter worth $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv during the 4th quarter worth $28,000. Abound Financial LLC acquired a new stake in shares of Fiserv during the 1st quarter worth about $38,000. Quarry LP increased its position in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a research report on Tuesday, May 27th. Robert W. Baird cut their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. The Goldman Sachs Group cut their price objective on Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, May 19th. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Finally, KeyCorp cut their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.36.

Fiserv Stock Performance

NYSE FI opened at $137.64 on Friday. The company has a market cap of $74.82 billion, a P/E ratio of 22.98, a P/E/G ratio of 0.90 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a 50-day moving average of $152.21 and a two-hundred day moving average of $182.43. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating 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 return on equity of 19.69% and a net margin of 16.00%.Fiserv’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv 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.