First Hawaiian Bank Sells 386 Shares of Fiserv, Inc. $FI

First Hawaiian Bank trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,285 shares of the business services provider’s stock after selling 386 shares during the quarter. Fiserv makes up approximately 0.5% of First Hawaiian Bank’s holdings, making the stock its 24th largest position. First Hawaiian Bank’s holdings in Fiserv were worth $11,104,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Fiserv by 1.1% during 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 acquiring an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Fiserv by 77.2% during 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 acquiring an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Fiserv by 3.2% during 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 acquiring an additional 253,544 shares in the last quarter. Nuveen LLC bought a new stake in Fiserv during the 1st quarter valued at approximately $1,722,584,000. Finally, Alliancebernstein L.P. boosted its position in Fiserv by 5.3% during 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 acquiring an additional 287,420 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 2.5%

Shares of FI stock opened at $135.47 on Friday. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The firm has a fifty day moving average price of $145.13 and a 200-day moving average price of $175.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $73.64 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 0.86 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its 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. The company 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%. Fiserv’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

FI has been the subject of several recent research reports. KeyCorp lowered their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Truist Financial lifted their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Robert W. Baird lowered their target price on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Morgan Stanley lowered their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Finally, Susquehanna lowered their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. One investment 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 company’s stock. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $207.36.

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.