Ameritas Advisory Services LLC Sells 4,899 Shares of Fiserv, Inc. $FI

Ameritas Advisory Services LLC trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 33.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 9,685 shares of the business services provider’s stock after selling 4,899 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Fiserv were worth $1,670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FI. Brighton Jones LLC grew its position in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC grew its position in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares during the last quarter. RFG Advisory LLC bought a new position in Fiserv during the 1st quarter worth approximately $275,000. Hennion & Walsh Asset Management Inc. grew its position in Fiserv by 15.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,993 shares of the business services provider’s stock worth $1,323,000 after acquiring an additional 801 shares during the last quarter. Finally, Apella Capital LLC bought a new position in Fiserv during the 1st quarter worth approximately $264,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FI. Susquehanna dropped their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Wall Street Zen upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. JPMorgan Chase & Co. dropped their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. KeyCorp dropped their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Finally, Mizuho dropped their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Trading Up 1.4%

FI opened at $127.56 on Friday. The stock has a market cap of $69.34 billion, a PE ratio of 21.30, a PEG ratio of 0.82 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average of $134.59 and a 200-day moving average of $165.68. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59.

Fiserv (NYSE:FI) last released its 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. The company 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 revenue for the quarter 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.