Maryland State Retirement & Pension System Buys 335 Shares of Fiserv, Inc. $FI

Maryland State Retirement & Pension System increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,816 shares of the business services provider’s stock after acquiring an additional 335 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Fiserv were worth $4,623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management boosted its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the last quarter. Abound Financial LLC bought a new position in shares of Fiserv during the first quarter worth $38,000. Christopher J. Hasenberg Inc boosted 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 acquiring an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Saudi Central Bank purchased a new stake in Fiserv during the first quarter valued at $49,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 0.5%

Shares of FI opened at $125.92 on Friday. Fiserv, Inc. has a twelve month low of $124.89 and a twelve month high of $238.59. The company has a market cap of $68.45 billion, a P/E ratio of 21.02, a P/E/G ratio of 0.82 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $133.43 and its 200-day simple moving average is $163.07.

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 analysts’ consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion for 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 business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of recent research reports. Susquehanna decreased their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research note on Thursday, July 24th. KeyCorp decreased their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Wall Street Zen raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a research note on Thursday, July 17th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Mizuho decreased their price target on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 29th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.