Fiserv, Inc. $FI Shares Sold by Impact Capital Partners LLC

Impact Capital Partners LLC lessened its stake in Fiserv, Inc. (NYSE:FI) by 8.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,223 shares of the business services provider’s stock after selling 281 shares during the quarter. Impact Capital Partners LLC’s holdings in Fiserv were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC grew its position in Fiserv by 18.7% during the second quarter. PFG Investments LLC now owns 3,035 shares of the business services provider’s stock valued at $523,000 after buying an additional 478 shares during the period. Consolidated Portfolio Review Corp purchased a new stake in shares of Fiserv during the 2nd quarter worth about $418,000. Institute for Wealth Management LLC. grew its position in shares of Fiserv by 29.4% during the 2nd quarter. Institute for Wealth Management LLC. now owns 8,044 shares of the business services provider’s stock valued at $1,387,000 after acquiring an additional 1,826 shares during the period. Truist Financial Corp grew its position in shares of Fiserv by 6.9% during the 2nd quarter. Truist Financial Corp now owns 282,081 shares of the business services provider’s stock valued at $48,634,000 after acquiring an additional 18,299 shares during the period. Finally, Chicago Capital LLC increased its stake in shares of Fiserv by 130.7% in the 2nd quarter. Chicago Capital LLC now owns 32,689 shares of the business services provider’s stock valued at $5,636,000 after purchasing an additional 18,520 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Down 1.2%

Shares of FI opened at $128.87 on Wednesday. Fiserv, Inc. has a 52-week low of $127.41 and a 52-week high of $238.59. The stock has a market cap of $70.05 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. The firm’s fifty day moving average is $135.51 and its two-hundred day moving average is $167.21. 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 posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. The firm 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%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FI. Jefferies Financial Group lowered their price target on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday. UBS Group decreased their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Robert W. Baird cut their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Finally, Susquehanna decreased their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently 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.