Fiserv, Inc. $FI Shares Sold by Cooper Financial Group

Cooper Financial Group decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,195 shares of the business services provider’s stock after selling 237 shares during the quarter. Cooper Financial Group’s holdings in Fiserv were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management raised its holdings in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares during the period. Christopher J. Hasenberg Inc raised its holdings in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the period. Abound Financial LLC purchased a new stake in Fiserv in the 1st quarter valued at about $38,000. Finally, Saudi Central Bank purchased a new stake in Fiserv in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $128.87 on Wednesday. Fiserv, Inc. has a one year low of $127.41 and a one year high of $238.59. The company has a market cap of $70.05 billion, a PE ratio of 21.51, a P/E/G ratio of 0.85 and a beta of 0.94. 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 business has a 50-day simple moving average of $135.51 and a 200-day simple moving average of $167.21.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the topic of several research analyst reports. KeyCorp reduced their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Wall Street Zen upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Stephens cut their price target on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Finally, Morgan Stanley cut their price target on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $205.96.

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.