M. Kraus & Co Acquires 438 Shares of Fiserv, Inc. $FI

M. Kraus & Co boosted its holdings in Fiserv, Inc. (NYSE:FI) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,484 shares of the business services provider’s stock after purchasing an additional 438 shares during the quarter. Fiserv comprises 2.4% of M. Kraus & Co’s holdings, making the stock its 17th largest holding. M. Kraus & Co’s holdings in Fiserv were worth $8,014,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in Fiserv in the second quarter worth approximately $34,000. Christopher J. Hasenberg Inc raised its position in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its position in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Abound Financial LLC acquired a new position in shares of Fiserv during the first quarter worth approximately $38,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 0.5%

Shares of Fiserv stock opened at $125.92 on Friday. The stock has a fifty day simple moving average of $133.43 and a 200 day simple moving average of $163.07. 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, Inc. has a 12-month low of $124.89 and a 12-month high of $238.59. The company has a market capitalization of $68.45 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

Fiserv (NYSE:FI) last posted its quarterly earnings data 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. 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 analysts’ expectations of $5.20 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FI. Wall Street Zen raised Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Susquehanna lowered their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research report on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research report on Wednesday. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Finally, Robert W. Baird lowered their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $205.96.

Fiserv 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.