Fairvoy Private Wealth LLC Trims Position in Fiserv, Inc. $FI

Fairvoy Private Wealth LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 20.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 18,229 shares of the business services provider’s stock after selling 4,657 shares during the period. Fairvoy Private Wealth LLC’s holdings in Fiserv were worth $3,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FI. Activest Wealth Management lifted its stake in shares of Fiserv by 3,150.0% during the first 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 lifted its stake in shares of 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 buying an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its stake in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the period. Abound Financial LLC purchased a new position in Fiserv during the first quarter worth approximately $38,000. Finally, Saudi Central Bank purchased a new position in Fiserv during the first quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group cut their price target on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, September 29th. KeyCorp cut their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Susquehanna cut their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research note on Saturday, September 27th. Finally, Barclays set a $175.00 price target on shares of Fiserv and gave the stock an “overweight” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $205.96.

Fiserv Stock Performance

Shares of FI stock opened at $127.56 on Friday. The company’s fifty day simple moving average is $134.59 and its 200-day simple moving average is $165.68. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59. 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 $69.34 billion, a PE ratio of 21.30, a P/E/G ratio of 0.82 and a beta of 0.95.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter last year, the firm posted $2.13 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS 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.