Pacific Point Advisors LLC Boosts Position in Fiserv, Inc. $FI

Pacific Point Advisors LLC lifted its position in Fiserv, Inc. (NYSE:FI) by 6.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 7,151 shares of the business services provider’s stock after purchasing an additional 434 shares during the period. Pacific Point Advisors LLC’s holdings in Fiserv were worth $1,233,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FI. Brighton Jones LLC lifted its stake in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the period. Milestone Asset Management LLC purchased a new stake in shares of Fiserv in the first quarter worth $210,000. Merit Financial Group LLC boosted its stake in Fiserv by 2.3% during the first quarter. Merit Financial Group LLC now owns 20,257 shares of the business services provider’s stock valued at $4,473,000 after buying an additional 454 shares during the period. Finally, RFG Advisory LLC bought a new stake in Fiserv during the first quarter valued at $275,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays set a $175.00 price target on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Truist Financial upped their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. UBS Group dropped their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, July 25th. Finally, Morgan Stanley cut their price target on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Trading Down 1.2%

FI stock opened at $128.87 on Wednesday. The company has a market capitalization of $70.05 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a one year low of $127.41 and a one year high of $238.59. The company’s 50 day moving average price is $135.51 and its two-hundred day moving average price is $167.21.

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, beating analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.