Fiserv, Inc. $FI Shares Purchased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.6% in the second quarter, Holdings Channel reports. The firm owned 2,930 shares of the business services provider’s stock after buying an additional 129 shares during the period. Trueblood Wealth Management LLC’s holdings in Fiserv were worth $505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management increased its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the last quarter. Christopher J. Hasenberg Inc increased its position in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the last quarter. Abound Financial LLC acquired a new stake in shares of Fiserv during the 1st quarter worth about $38,000. Finally, Saudi Central Bank acquired a new stake in shares of Fiserv during the 1st quarter worth about $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 1.9%

FI stock opened at $125.08 on Tuesday. The company’s 50 day moving average price is $134.29 and its 200 day moving average price is $164.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two week high of $238.59. The firm has a market capitalization of $67.99 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 0.83 and a beta of 0.95.

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. 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 analyst estimates of $5.20 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The business’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, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FI. JPMorgan Chase & Co. cut their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Barclays set a $175.00 target price on Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. Robert W. Baird dropped their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Truist Financial lifted their target price on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group dropped their target price on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.96.

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.