Merit Financial Group LLC Sells 1,092 Shares of Fiserv, Inc. $FI

Merit Financial Group LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,165 shares of the business services provider’s stock after selling 1,092 shares during the period. Merit Financial Group LLC’s holdings in Fiserv were worth $3,304,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in shares of Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares in the last quarter. Christopher J. Hasenberg Inc lifted its stake in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in Fiserv by 178.9% in the 2nd 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 during the last quarter. Abound Financial LLC acquired a new stake in Fiserv in the 1st quarter valued at about $38,000. Finally, Saudi Central Bank acquired a new stake in Fiserv during the first quarter worth approximately $49,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FI shares. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an “overweight” rating in a research report on Monday, July 28th. Mizuho cut their price objective on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 29th. Susquehanna cut their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research report on Thursday, July 24th. Jefferies Financial Group cut their price objective on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. Finally, Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Stock Up 1.3%

NYSE FI opened at $126.63 on Wednesday. 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 1-year low of $124.89 and a 1-year high of $238.59. The company has a 50 day moving average of $133.98 and a 200-day moving average of $163.99. The company has a market cap of $68.84 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.81 and a beta of 0.95.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv Company 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.