Greenleaf Trust Has $1.92 Million Holdings in Fiserv, Inc. $FI

Greenleaf Trust lessened its stake in Fiserv, Inc. (NYSE:FI) by 24.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,153 shares of the business services provider’s stock after selling 3,557 shares during the quarter. Greenleaf Trust’s holdings in Fiserv were worth $1,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rappaport Reiches Capital Management LLC boosted its holdings in shares of Fiserv by 3.9% in the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after buying an additional 48 shares during the period. Adero Partners LLC boosted its holdings in Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after purchasing an additional 55 shares during the last quarter. E Fund Management Co. Ltd. boosted its holdings in Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after purchasing an additional 55 shares during the last quarter. Oakworth Capital Inc. boosted its holdings in Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after purchasing an additional 56 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on FI shares. Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Robert W. Baird reduced their target price 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a report on Thursday, July 17th. They set a “buy” rating and a $200.00 target price for the company. Mizuho reduced their target price on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. Finally, Susquehanna reduced their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Stock Performance

Shares of FI stock opened at $128.87 on Wednesday. The stock has a market cap of $70.05 billion, a P/E ratio of 21.51, a P/E/G ratio of 0.85 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The company has a fifty day moving average price of $135.51 and a two-hundred day moving average price of $167.21. Fiserv, Inc. has a one year low of $127.41 and a one year high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current 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.