Fiserv, Inc. $FI Shares Purchased by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,203 shares of the business services provider’s stock after purchasing an additional 1,336 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Fiserv were worth $2,621,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vega Investment Solutions acquired a new stake in Fiserv in the fourth quarter valued at $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv in the fourth quarter valued at $28,000. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% in the first 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 during the period. Abound Financial LLC acquired a new stake in Fiserv in the first quarter valued at $38,000. Finally, Saudi Central Bank acquired a new stake in Fiserv in the first quarter valued at $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent analyst reports. Mizuho reduced their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. KeyCorp reduced their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. The Goldman Sachs Group dropped their price target on Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, May 19th. JPMorgan Chase & Co. cut their price target on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a research note on Thursday, July 17th. They set a “buy” rating and a $200.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $207.36.

Fiserv Trading Down 0.9%

Fiserv stock opened at $134.43 on Friday. The stock has a market cap of $73.08 billion, a PE ratio of 22.44, a P/E/G ratio of 0.88 and a beta of 0.94. The stock has a 50-day moving average price of $144.31 and a 200 day moving average price of $175.13. Fiserv, Inc. has a 52 week low of $128.22 and a 52 week 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 posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities research analysts predict 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.