Fiserv, Inc. $FI Shares Sold by Cardano Risk Management B.V.

Cardano Risk Management B.V. trimmed its position in Fiserv, Inc. (NYSE:FI) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 447,541 shares of the business services provider’s stock after selling 2,669 shares during the period. Fiserv makes up about 1.0% of Cardano Risk Management B.V.’s portfolio, making the stock its 27th largest holding. Cardano Risk Management B.V.’s holdings in Fiserv were worth $77,161,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in Fiserv by 3,150.0% in the first 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 period. Hager Investment Management Services LLC acquired a new stake in Fiserv in the second quarter worth approximately $34,000. Christopher J. Hasenberg Inc lifted its position in Fiserv by 218.5% in the second 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 period. Armstrong Advisory Group Inc. lifted its position in Fiserv by 178.9% in the second 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 period. Finally, Abound Financial LLC acquired a new stake in Fiserv in the first quarter worth approximately $38,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research report on Thursday, July 17th. They set a “buy” rating and a $200.00 price objective for the company. Jefferies Financial Group cut their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. Barclays set a $175.00 price objective on Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. 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. Finally, Truist Financial increased their price objective on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Trading Down 0.5%

NYSE FI opened at $125.92 on Friday. Fiserv, Inc. has a 1-year low of $124.89 and a 1-year high of $238.59. 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 market capitalization of $68.45 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The firm’s fifty day simple moving average is $133.43 and its 200-day simple moving average is $163.07.

Fiserv (NYSE:FI) last posted its quarterly 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 business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, sell-side analysts anticipate 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.