Berger Financial Group Inc Boosts Holdings in Fiserv, Inc. $FI

Berger Financial Group Inc lifted its holdings in Fiserv, Inc. (NYSE:FI) by 1.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,379 shares of the business services provider’s stock after purchasing an additional 339 shares during the period. Berger Financial Group Inc’s holdings in Fiserv were worth $3,169,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management raised its stake in shares of 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 in the last quarter. Christopher J. Hasenberg Inc increased its holdings in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its position in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Abound Financial LLC purchased a new position in shares of Fiserv in the 1st quarter valued at about $38,000. Finally, Saudi Central Bank acquired a new position in shares of Fiserv during the first quarter worth about $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 1.4%

Shares of NYSE FI opened at $127.56 on Friday. The business has a 50-day moving average price of $134.59 and a 200 day moving average price of $165.29. The stock has a market cap of $69.34 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.83 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. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59.

Fiserv (NYSE:FI) last announced 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. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same period in the previous year, the company posted $2.13 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

FI has been the topic of several analyst reports. Jefferies Financial Group reduced their target price on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, September 29th. Truist Financial lifted their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. UBS Group dropped their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Wall Street Zen upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Mizuho lowered their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $205.96.

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.