Abundance Wealth Counselors Boosts Stock Position in Fiserv, Inc. $FI

Abundance Wealth Counselors grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,630 shares of the business services provider’s stock after acquiring an additional 337 shares during the period. Abundance Wealth Counselors’ holdings in Fiserv were worth $1,997,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FI. Activest Wealth Management grew its holdings in Fiserv by 3,150.0% during 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 in the last quarter. Christopher J. Hasenberg Inc grew its holdings in Fiserv by 218.5% during 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 in the last quarter. Armstrong Advisory Group Inc. grew its holdings in Fiserv by 178.9% during 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 in the last quarter. Abound Financial LLC purchased a new position in Fiserv during the 1st quarter valued at about $38,000. Finally, Saudi Central Bank purchased a new position in Fiserv during the 1st quarter valued at 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 firms have weighed in on FI. Jefferies Financial Group reduced their target price on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a report on Thursday, July 17th. They set a “buy” rating and a $200.00 target price for the company. Morgan Stanley reduced their target price on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Truist Financial boosted their price objective on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Finally, Barclays set a $175.00 price objective on Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $205.96.

Fiserv Stock Performance

NYSE:FI opened at $125.63 on Friday. The business has a 50 day moving average of $134.88 and a 200 day moving average of $166.29. The company has a market capitalization of $68.29 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 1-year low of $124.89 and a 1-year high of $238.59. 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 (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 analysts’ consensus estimates of $2.43 by $0.04. The company 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%.Fiserv’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv 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.