Ashton Thomas Securities LLC Trims Stock Position in Fiserv, Inc. $FI

Ashton Thomas Securities LLC trimmed its position in Fiserv, Inc. (NYSE:FI) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,825 shares of the business services provider’s stock after selling 188 shares during the period. Fiserv accounts for 1.2% of Ashton Thomas Securities LLC’s investment portfolio, making the stock its 18th biggest position. Ashton Thomas Securities LLC’s holdings in Fiserv were worth $4,801,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FI. Activest Wealth Management grew its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares in the last quarter. Abound Financial LLC purchased a new position in shares of Fiserv during the first quarter worth about $38,000. Christopher J. Hasenberg Inc raised its stake in Fiserv by 218.5% in 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. Finally, Saudi Central Bank purchased a new position in Fiserv in the 1st quarter worth approximately $49,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE:FI opened at $125.63 on Friday. 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 50-day moving average price of $134.88 and a 200-day moving average price of $166.29. The company has a market cap of $68.29 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 12 month low of $124.89 and a 12 month high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the previous year, the business earned $2.13 EPS. Fiserv’s revenue 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 analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Barclays set a $175.00 price target on Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. Susquehanna cut their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Jefferies Financial Group reduced their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday. Finally, UBS Group dropped their target price 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.