Cornell Pochily Investment Advisors Inc. Sells 185 Shares of Fiserv, Inc. $FI

Cornell Pochily Investment Advisors Inc. cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,985 shares of the business services provider’s stock after selling 185 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Fiserv were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Fiserv by 14.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 7,616 shares of the business services provider’s stock valued at $1,313,000 after purchasing an additional 942 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Fiserv in the second quarter valued at about $1,185,000. ASR Vermogensbeheer N.V. lifted its holdings in shares of Fiserv by 100.4% in the second quarter. ASR Vermogensbeheer N.V. now owns 54,652 shares of the business services provider’s stock valued at $9,422,000 after purchasing an additional 27,385 shares in the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of Fiserv by 106.7% in the second quarter. Pure Financial Advisors LLC now owns 1,883 shares of the business services provider’s stock valued at $325,000 after purchasing an additional 972 shares in the last quarter. Finally, Consolidated Planning Corp lifted its holdings in shares of Fiserv by 6.3% in the second quarter. Consolidated Planning Corp now owns 24,913 shares of the business services provider’s stock valued at $4,295,000 after purchasing an additional 1,480 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FI shares. Barclays set a $175.00 price target on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Morgan Stanley cut their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Stephens cut their price target on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. KeyCorp lowered their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, Wall Street Zen raised Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Trading Down 0.4%

Shares of FI stock opened at $125.63 on Friday. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two week high of $238.59. The company has a market cap of $68.29 billion, a PE ratio of 20.97, a P/E/G ratio of 0.82 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average price is $134.88 and its two-hundred day moving average price is $166.29.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.20 billion. During the same period in the prior year, the company earned $2.13 EPS. Fiserv’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. Equities analysts predict that Fiserv, Inc. will post 10.23 EPS 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.