Fiserv, Inc. $FI Shares Sold by Clarius Group LLC

Clarius Group LLC lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 13.1% in the second quarter, Holdings Channel reports. The firm owned 3,418 shares of the business services provider’s stock after selling 515 shares during the period. Clarius Group LLC’s holdings in Fiserv were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Rappaport Reiches Capital Management LLC grew its holdings in shares of Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock worth $282,000 after purchasing an additional 48 shares during the period. Adero Partners LLC grew its holdings in shares of Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after purchasing an additional 55 shares during the period. E Fund Management Co. Ltd. grew its holdings in shares of Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after purchasing an additional 55 shares during the period. Oakworth Capital Inc. boosted its holdings in Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after acquiring an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Fiserv stock opened at $127.56 on Monday. The stock has a market cap of $69.34 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 0.83 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. The stock has a 50 day moving average of $134.59 and a 200-day moving average of $164.90. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS 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 analysts’ expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on FI. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price target for the company. Mizuho decreased their price target on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. Robert W. Baird decreased their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Jefferies Financial Group decreased their price target on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a report on Monday, September 29th. Finally, UBS Group decreased their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.96.

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.