Fiserv, Inc. $FI Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.3% during the 1st quarter, Holdings Channel reports. The firm owned 110,720 shares of the business services provider’s stock after selling 1,413 shares during the period. IFM Investors Pty Ltd’s holdings in Fiserv were worth $24,450,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FI. Rappaport Reiches Capital Management LLC grew its position in 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 last quarter. Adero Partners LLC lifted its holdings in Fiserv by 2.3% in the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock valued at $550,000 after acquiring an additional 55 shares during the period. E Fund Management Co. Ltd. lifted its holdings in Fiserv by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 55 shares during the period. Oakworth Capital Inc. lifted its holdings in Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock valued at $235,000 after acquiring an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley reduced their target price on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Jefferies Financial Group reduced their target price on Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a report on Tuesday, May 27th. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Susquehanna reduced their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. reduced their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.36.

Fiserv Trading Up 0.7%

NYSE:FI opened at $136.22 on Wednesday. The stock has a fifty day simple moving average of $146.73 and a 200-day simple moving average of $176.77. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The company has a market capitalization of $74.05 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 0.88 and a beta of 0.94. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last announced 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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion during 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 firm’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. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.