Howe & Rusling Inc. Acquires 1,690 Shares of Fiserv, Inc. $FI

Howe & Rusling Inc. raised its holdings in Fiserv, Inc. (NYSE:FI) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 43,024 shares of the business services provider’s stock after buying an additional 1,690 shares during the period. Howe & Rusling Inc.’s holdings in Fiserv were worth $9,501,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vega Investment Solutions bought a new position in Fiserv in the 4th quarter valued at $25,000. Activest Wealth Management grew its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Fiserv during the 4th quarter worth $28,000. Abound Financial LLC bought a new position in shares of Fiserv during the 1st quarter worth $38,000. Finally, Saudi Central Bank bought a new position in shares of Fiserv during the 1st quarter worth $49,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 2.5%

Shares of NYSE FI opened at $135.47 on Friday. 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 stock has a market capitalization of $73.64 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The business has a fifty day moving average price of $145.13 and a 200 day moving average price of $175.80.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.20 billion. During the same period last year, the business posted $2.13 earnings per share. The firm’s 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. Equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FI shares. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a research report on Thursday, July 17th. They set a “buy” rating and a $200.00 price target on the stock. Tigress Financial increased their price target on Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. Finally, Jefferies Financial Group dropped their price target on Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th. One equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.