Liberty Capital Management Inc. Lowers Stock Holdings in Fiserv, Inc. $FI

Liberty Capital Management Inc. cut its position in Fiserv, Inc. (NYSE:FI) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,537 shares of the business services provider’s stock after selling 255 shares during the quarter. Fiserv comprises 1.8% of Liberty Capital Management Inc.’s investment portfolio, making the stock its 12th biggest position. Liberty Capital Management Inc.’s holdings in Fiserv were worth $8,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its stake in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Christopher J. Hasenberg Inc raised its position in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares in the last quarter. Abound Financial LLC purchased a new stake in shares of Fiserv in the first quarter worth $38,000. Finally, Saudi Central Bank purchased a new stake in shares of Fiserv in the 1st quarter valued at about $49,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FI has been the topic of several recent analyst reports. Barclays set a $175.00 price target on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a research note on Thursday, July 17th. They issued a “buy” rating and a $200.00 target price on the stock. UBS Group lowered their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, Stephens lowered their price objective on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Stock Down 1.2%

FI opened at $128.87 on Wednesday. The company has a market cap of $70.05 billion, a P/E ratio of 21.51, a P/E/G ratio of 0.85 and a beta of 0.94. The business’s 50-day moving average price is $135.51 and its 200-day moving average price is $167.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 12 month low of $127.41 and a 12 month high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion for 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities analysts expect 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.