Marks Group Wealth Management Inc Has $8.61 Million Stock Holdings in Fiserv, Inc. $FI

Marks Group Wealth Management Inc lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 16.2% during the 2nd quarter, Holdings Channel reports. The firm owned 49,941 shares of the business services provider’s stock after purchasing an additional 6,957 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Fiserv were worth $8,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Sowell Financial Services LLC increased its stake in shares of Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after purchasing an additional 314 shares during the last quarter. Kathmere Capital Management LLC grew its stake in Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after buying an additional 106 shares during the last quarter. Gotham Asset Management LLC grew its stake in Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after buying an additional 3,809 shares during the last quarter. Deltec Asset Management LLC acquired a new position in Fiserv in the 2nd quarter valued at about $1,034,000. Finally, Jacobs & Co. CA grew its stake in Fiserv by 26.5% in the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock valued at $9,308,000 after buying an additional 11,322 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE FI opened at $127.56 on Monday. 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 $69.34 billion, a P/E ratio of 21.30, a P/E/G ratio of 0.83 and a beta of 0.95. Fiserv, Inc. has a 12-month low of $124.89 and a 12-month high of $238.59. The firm has a 50-day moving average price of $134.59 and a two-hundred day moving average price of $164.90.

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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the firm posted $2.13 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. Truist Financial upped their price target on shares of Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. UBS Group decreased their price target on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Morgan Stanley decreased their price target on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Barclays set a $175.00 price target on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.