Glenview Trust co Has $7.24 Million Stock Position in Fiserv, Inc. $FI

Glenview Trust co cut its holdings in Fiserv, Inc. (NYSE:FI) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,779 shares of the business services provider’s stock after selling 570 shares during the quarter. Glenview Trust co’s holdings in Fiserv were worth $7,239,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FI. SageView Advisory Group LLC boosted its stake in shares of Fiserv by 4.0% in the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 62 shares in the last quarter. Advisory Alpha LLC lifted its stake in Fiserv by 12.0% in the 1st quarter. Advisory Alpha LLC now owns 2,180 shares of the business services provider’s stock valued at $481,000 after purchasing an additional 234 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Fiserv in the first quarter valued at approximately $97,000. SCS Capital Management LLC bought a new stake in shares of Fiserv during the first quarter worth $958,000. Finally, Palogic Value Management L.P. increased its holdings in shares of Fiserv by 4.9% during the first quarter. Palogic Value Management L.P. now owns 1,948 shares of the business services provider’s stock worth $430,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $132.35 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $71.94 billion, a PE ratio of 22.09, a P/E/G ratio of 0.89 and a beta of 0.94. The firm has a fifty day simple moving average of $145.93 and a 200 day simple moving average of $176.47. Fiserv, Inc. has a twelve month low of $128.22 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last issued 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 firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on FI. Barclays set a $175.00 price objective on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. KeyCorp cut their price target on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Tigress Financial upped their price objective on Fiserv from $244.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. Susquehanna cut their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research report on Thursday, July 24th. Finally, Jefferies Financial Group reduced their target price on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.36.

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.