Newman Dignan & Sheerar Inc. Sells 199 Shares of Fiserv, Inc. $FI

Newman Dignan & Sheerar Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,304 shares of the business services provider’s stock after selling 199 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Fiserv were worth $2,121,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

FI has been the topic of several research analyst reports. Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Stephens cut their target price on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Robert W. Baird lowered their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Finally, Truist Financial raised their price target on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.96.

Fiserv Price Performance

FI stock opened at $126.14 on Thursday. The stock has a market cap of $68.57 billion, a PE ratio of 21.06, a P/E/G ratio of 0.84 and a beta of 0.95. Fiserv, Inc. has a 12 month low of $124.89 and a 12 month high of $238.59. The company has a 50-day moving average price of $135.17 and a 200 day moving average price of $166.93. 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 (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share 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.