Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 8,323 Shares of Fiserv, Inc. $FI

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its position in Fiserv, Inc. (NYSE:FI) by 10.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 69,913 shares of the business services provider’s stock after selling 8,323 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Fiserv were worth $12,054,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC increased its stake in Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after buying an additional 314 shares during the period. Kathmere Capital Management LLC increased its stake in Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after buying an additional 106 shares during the period. Gotham Asset Management LLC increased its stake in Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock worth $16,490,000 after buying an additional 3,809 shares during the period. Jacobs & Co. CA increased its stake in Fiserv by 26.5% in the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock worth $9,308,000 after buying an additional 11,322 shares during the period. Finally, Deltec Asset Management LLC purchased a new position in Fiserv in the 2nd quarter worth about $1,034,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.4%

Shares of Fiserv stock opened at $125.63 on Friday. The firm’s 50 day moving average price is $134.88 and its 200-day moving average price is $166.29. 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, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. The company has a market cap of $68.29 billion, a P/E ratio of 20.97, a PEG ratio of 0.82 and a beta of 0.95.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping 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 firm 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 firm earned $2.13 EPS. The company’s quarterly 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. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on FI shares. Wall Street Zen raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. KeyCorp cut their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Mizuho cut their target price on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 29th. Morgan Stanley cut their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Finally, Jefferies Financial Group cut their target price on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $205.96.

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.