Forte Capital LLC ADV Reduces Stock Holdings in Fiserv, Inc. $FI

Forte Capital LLC ADV reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 23.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,100 shares of the business services provider’s stock after selling 627 shares during the period. Forte Capital LLC ADV’s holdings in Fiserv were worth $362,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after purchasing an additional 535,407 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock worth $1,829,451,000 after purchasing an additional 253,544 shares in the last quarter. Nuveen LLC acquired a new position in Fiserv during the first quarter worth $1,722,584,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Fiserv by 5.3% in the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after purchasing an additional 287,420 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on FI shares. Mizuho cut their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 29th. Susquehanna decreased their price target on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Jefferies Financial Group lowered their target price on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a report on Tuesday, May 27th. Robert W. Baird dropped their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Finally, Barclays set a $175.00 price objective on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. 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 given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.36.

Fiserv Price Performance

FI stock opened at $129.64 on Wednesday. The firm has a 50 day moving average of $139.16 and a 200-day moving average of $170.10. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market cap of $70.47 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 0.85 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $128.22 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion during 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 revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

About Fiserv

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.