Crumly & Associates Inc. Boosts Stock Holdings in Fiserv, Inc. $FI

Crumly & Associates Inc. lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,785 shares of the business services provider’s stock after purchasing an additional 172 shares during the period. Crumly & Associates Inc.’s holdings in Fiserv were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Jacobs & Co. CA raised its stake in shares of Fiserv by 26.5% during the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock worth $9,308,000 after purchasing an additional 11,322 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Fiserv by 9.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 15,203 shares of the business services provider’s stock worth $2,621,000 after purchasing an additional 1,336 shares during the period. Cullen Investment Group LTD. raised its stake in shares of Fiserv by 1.2% during the 2nd quarter. Cullen Investment Group LTD. now owns 13,305 shares of the business services provider’s stock worth $2,294,000 after purchasing an additional 164 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Fiserv during the 1st quarter worth $4,674,000. Finally, Swedbank AB raised its stake in shares of Fiserv by 1.5% during the 1st quarter. Swedbank AB now owns 340,946 shares of the business services provider’s stock worth $75,291,000 after purchasing an additional 5,104 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 0.9%

Shares of FI opened at $134.43 on Friday. The business’s 50-day moving average price is $144.31 and its 200-day moving average price is $175.13. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59. The stock has a market cap of $73.08 billion, a PE ratio of 22.44, a P/E/G ratio of 0.88 and a beta of 0.94. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. 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 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the topic of a number of recent analyst reports. Morgan Stanley lowered their target price on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 21st. UBS Group lowered their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Robert W. Baird lowered their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group lowered their price objective on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $207.36.

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.