Prime Capital Investment Advisors LLC Sells 11,674 Shares of Fiserv, Inc. $FI

Prime Capital Investment Advisors LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 29.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,878 shares of the business services provider’s stock after selling 11,674 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Fiserv were worth $4,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC lifted its stake in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares in the last quarter. UMB Bank n.a. boosted its position in Fiserv by 2.9% during the 1st quarter. UMB Bank n.a. now owns 9,284 shares of the business services provider’s stock worth $2,050,000 after acquiring an additional 262 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Fiserv by 4.6% during the 1st quarter. Wedmont Private Capital now owns 6,889 shares of the business services provider’s stock worth $1,434,000 after acquiring an additional 306 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Fiserv by 22.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 6,674 shares of the business services provider’s stock valued at $1,474,000 after purchasing an additional 1,219 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group cut their price target on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, September 29th. Morgan Stanley reduced their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a report on Saturday, September 27th. One 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Trading Down 1.9%

Shares of Fiserv stock opened at $125.08 on Tuesday. The company has a market capitalization of $67.99 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 0.83 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day simple moving average of $134.29 and a two-hundred day simple moving average of $164.25. Fiserv, Inc. has a 1 year low of $124.89 and a 1 year high of $238.59.

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 the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same period in the prior year, the firm earned $2.13 EPS. 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. Research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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.