First Financial Bank Trust Division Decreases Stock Position in Fiserv, Inc. $FI

First Financial Bank Trust Division lowered its stake in Fiserv, Inc. (NYSE:FI) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,406 shares of the business services provider’s stock after selling 892 shares during the period. First Financial Bank Trust Division’s holdings in Fiserv were worth $4,208,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Jacobs & Co. CA grew its stake in shares of Fiserv by 26.5% in the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock worth $9,308,000 after purchasing an additional 11,322 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Fiserv by 9.6% in the second quarter. Harbor Investment Advisory LLC now owns 15,203 shares of the business services provider’s stock worth $2,621,000 after purchasing an additional 1,336 shares during the last quarter. Cullen Investment Group LTD. grew its stake in shares of Fiserv by 1.2% in the second quarter. Cullen Investment Group LTD. now owns 13,305 shares of the business services provider’s stock worth $2,294,000 after purchasing an additional 164 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Fiserv in the first quarter worth about $4,674,000. Finally, Swedbank AB grew its stake in shares of Fiserv by 1.5% in the first quarter. Swedbank AB now owns 340,946 shares of the business services provider’s stock worth $75,291,000 after purchasing an additional 5,104 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 21st. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. The Goldman Sachs Group cut their target price on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Morgan Stanley cut their price objective on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Finally, Barclays set a $175.00 price objective on Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.36.

Fiserv Trading Down 0.9%

NYSE FI opened at $134.43 on Friday. The company has a fifty day simple moving average of $144.31 and a two-hundred day simple moving average of $175.13. The stock has a market cap of $73.08 billion, a P/E ratio of 22.44, a P/E/G ratio of 0.88 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $128.22 and a 12-month high of $238.59. 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 (NYSE:FI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter last year, the company posted $2.13 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share 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.