Central Bank & Trust Co. Boosts Stock Holdings in Fiserv, Inc. $FI

Central Bank & Trust Co. boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,149 shares of the business services provider’s stock after acquiring an additional 78 shares during the period. Central Bank & Trust Co.’s holdings in Fiserv were worth $715,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FI. Nuveen LLC purchased a new position in Fiserv during the first quarter valued at $1,722,584,000. JPMorgan Chase & Co. grew its stake in Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. GAMMA Investing LLC grew its stake in Fiserv by 21,681.0% during the first quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider’s stock valued at $843,991,000 after acquiring an additional 3,804,358 shares in the last quarter. GQG Partners LLC purchased a new position in Fiserv during the first quarter valued at $265,769,000. Finally, Pictet Asset Management Holding SA grew its stake in Fiserv by 29.4% during the first quarter. Pictet Asset Management Holding SA now owns 2,878,455 shares of the business services provider’s stock valued at $635,308,000 after acquiring an additional 654,228 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FI has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. The Goldman Sachs Group lowered their price objective on shares of Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, May 19th. Robert W. Baird lowered 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. Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $207.36.

Fiserv Price Performance

Fiserv stock opened at $132.75 on Tuesday. The firm has a 50-day moving average price of $143.49 and a 200-day moving average price of $173.63. The firm has a market capitalization of $72.16 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. 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 12-month low of $128.22 and a 12-month high of $238.59.

Fiserv (NYSE:FI) last released 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. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities 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.