Sheets Smith Wealth Management Reduces Stock Holdings in Fiserv, Inc. $FI

Sheets Smith Wealth Management lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 67.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,429 shares of the business services provider’s stock after selling 2,972 shares during the quarter. Sheets Smith Wealth Management’s holdings in Fiserv were worth $246,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC grew its holdings in Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares during the last quarter. Gotham Asset Management LLC boosted its position in shares of Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after buying an additional 3,809 shares during the period. Jacobs & Co. CA grew its stake in shares of Fiserv by 26.5% during the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock valued at $9,308,000 after buying an additional 11,322 shares during the last quarter. Westend Capital Management LLC raised its holdings in shares of Fiserv by 78,332.0% in the second quarter. Westend Capital Management LLC now owns 19,608 shares of the business services provider’s stock worth $3,381,000 after buying an additional 19,583 shares during the period. Finally, Swedbank AB lifted its stake in shares of Fiserv by 1.5% during the 1st quarter. Swedbank AB now owns 340,946 shares of the business services provider’s stock worth $75,291,000 after acquiring an additional 5,104 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FI has been the topic of several research analyst reports. Stephens cut their price objective on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Wall Street Zen raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research note on Thursday, July 17th. They issued a “buy” rating and a $200.00 price target on the stock. KeyCorp decreased their price objective 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. Finally, Susquehanna dropped their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $207.36.

Fiserv Trading Down 1.6%

NYSE FI opened at $128.49 on Friday. Fiserv, Inc. has a one year low of $128.08 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $69.84 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. The company’s 50-day simple moving average is $137.68 and its two-hundred day simple moving average is $169.24.

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

Fiserv Company 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.