Kingswood Wealth Advisors LLC Has $430,000 Stake in Fiserv, Inc. $FI

Kingswood Wealth Advisors LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 76.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,492 shares of the business services provider’s stock after selling 7,988 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Fiserv were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after buying an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. raised its position in Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after buying an additional 253,544 shares during the last quarter. Nuveen LLC purchased a new stake in Fiserv in the 1st quarter valued at $1,722,584,000. Finally, Alliancebernstein L.P. raised its position in Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after buying an additional 287,420 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Down 0.5%

FI stock opened at $125.92 on Friday. 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 company has a market capitalization of $68.45 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two week high of $238.59. The stock has a fifty day moving average of $133.43 and a 200-day moving average of $163.07.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The firm’s quarterly 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. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FI. Morgan Stanley lowered their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price target for the company. Robert W. Baird decreased their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research report on Wednesday. Finally, Barclays set a $175.00 target price on Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average price target 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.