Consolidated Portfolio Review Corp Invests $418,000 in Fiserv, Inc. $FI

Consolidated Portfolio Review Corp purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,425 shares of the business services provider’s stock, valued at approximately $418,000.

Several other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its holdings 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 acquiring an additional 126 shares in the last quarter. Christopher J. Hasenberg Inc raised its stake in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Abound Financial LLC purchased a new position in shares of Fiserv in the 1st quarter worth $38,000. Finally, Saudi Central Bank bought a new stake in shares of Fiserv in the 1st quarter worth about $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird lowered their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Susquehanna decreased their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research report on Thursday, July 24th. Mizuho dropped their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. JPMorgan Chase & Co. cut their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, UBS Group lowered their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.96.

Fiserv Stock Performance

Shares of Fiserv stock opened at $125.63 on Friday. 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 stock’s fifty day moving average is $134.88 and its two-hundred day moving average is $166.29. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59. The company has a market capitalization of $68.29 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

Fiserv (NYSE:FI) last released its 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 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% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current 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.