Grimes & Company Inc. Increases Stock Position in Fiserv, Inc. $FI

Grimes & Company Inc. increased its holdings in Fiserv, Inc. (NYSE:FI) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,108 shares of the business services provider’s stock after acquiring an additional 334 shares during the quarter. Grimes & Company Inc.’s holdings in Fiserv were worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Rappaport Reiches Capital Management LLC lifted its holdings in shares of Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 48 shares during the last quarter. Adero Partners LLC increased its position in Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock valued at $550,000 after buying an additional 55 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after buying an additional 55 shares during the last quarter. Oakworth Capital Inc. boosted its holdings in Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after acquiring an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after acquiring an additional 56 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

FI stock opened at $125.08 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 1 year low of $124.89 and a 1 year high of $238.59. The company has a market cap of $67.99 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The stock’s fifty day moving average price is $134.29 and its 200-day moving average price is $164.25.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion for 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%.Fiserv’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FI shares. Jefferies Financial Group lowered their price target on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. Robert W. Baird decreased their target price 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. KeyCorp dropped their target price 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 reduced their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $205.96.

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.