Fiserv, Inc. $FI Stake Decreased by Carderock Capital Management Inc.

Carderock Capital Management Inc. lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,528 shares of the business services provider’s stock after selling 4,027 shares during the period. Fiserv comprises about 2.8% of Carderock Capital Management Inc.’s holdings, making the stock its 4th largest holding. Carderock Capital Management Inc.’s holdings in Fiserv were worth $10,496,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vega Investment Solutions purchased a new stake in Fiserv in the fourth quarter worth approximately $25,000. Park Square Financial Group LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at $28,000. Activest Wealth Management grew its holdings 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 valued at $29,000 after purchasing an additional 126 shares during the last quarter. Abound Financial LLC bought a new stake in Fiserv in the first quarter worth $38,000. Finally, Saudi Central Bank purchased a new stake in Fiserv during the 1st quarter valued at about $49,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FI has been the subject of several recent research reports. Morgan Stanley lowered their price objective on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective on the stock. KeyCorp cut their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Robert W. Baird cut their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. Finally, Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.36.

Fiserv Stock Down 3.0%

Shares of NYSE:FI opened at $132.35 on Thursday. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. The stock has a market capitalization of $71.94 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 0.89 and a beta of 0.94. The stock has a fifty day simple moving average of $145.93 and a two-hundred day simple moving average of $176.47. The company has a current ratio of 1.09, a quick 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 (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the previous year, the firm earned $2.13 EPS. Fiserv’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, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.