Tritonpoint Wealth LLC Boosts Stock Holdings in Fiserv, Inc. $FI

Tritonpoint Wealth LLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 102.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,737 shares of the business services provider’s stock after purchasing an additional 1,890 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Fiserv were worth $644,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sowell Financial Services LLC increased its holdings in shares of 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 in the last quarter. Gotham Asset Management LLC increased its holdings in shares of Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after purchasing an additional 3,809 shares in the last quarter. Jacobs & Co. CA increased its holdings in Fiserv by 26.5% in the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock worth $9,308,000 after acquiring an additional 11,322 shares in the last quarter. Westend Capital Management LLC increased its holdings in Fiserv by 78,332.0% in the 2nd quarter. Westend Capital Management LLC now owns 19,608 shares of the business services provider’s stock worth $3,381,000 after acquiring an additional 19,583 shares in the last quarter. Finally, Swedbank AB increased its holdings in Fiserv by 1.5% in 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 in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.7%

Shares of FI opened at $129.55 on Monday. Fiserv, Inc. has a 52-week low of $128.08 and a 52-week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm’s fifty day moving average is $136.95 and its two-hundred day moving average is $168.07. The stock has a market cap of $70.42 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94.

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 the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The company’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. Research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

FI has been the subject of several recent analyst reports. UBS Group cut their price target on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. 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 report on Monday, July 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price target for the company. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Finally, Stephens cut their price target on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.36.

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.