Kidder Stephen W Sells 298 Shares of Fiserv, Inc. $FI

Kidder Stephen W decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,154 shares of the business services provider’s stock after selling 298 shares during the quarter. Fiserv accounts for approximately 3.7% of Kidder Stephen W’s portfolio, making the stock its 9th largest holding. Kidder Stephen W’s holdings in Fiserv were worth $12,268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its position 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 buying an additional 126 shares in the last quarter. Christopher J. Hasenberg Inc lifted its position in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. Abound Financial LLC purchased a new position in shares of Fiserv during the 1st quarter valued at approximately $38,000. Finally, Saudi Central Bank purchased a new position in shares of Fiserv during the 1st quarter valued at approximately $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.3%

NYSE FI opened at $126.63 on Wednesday. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59. 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 business’s fifty day simple moving average is $133.98 and its 200-day simple moving average is $163.99. The firm has a market cap of $68.84 billion, a PE ratio of 21.14, a P/E/G ratio of 0.81 and a beta of 0.95.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 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 business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the previous year, the firm earned $2.13 EPS. The company’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. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

FI has been the topic of a number of recent analyst reports. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Wall Street Zen upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective on the stock. Mizuho decreased their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, July 29th. Finally, KeyCorp decreased their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.96.

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.