Eads & Heald Wealth Management Sells 329 Shares of Fiserv, Inc. $FI

Eads & Heald Wealth Management trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,532 shares of the business services provider’s stock after selling 329 shares during the quarter. Fiserv accounts for about 1.2% of Eads & Heald Wealth Management’s portfolio, making the stock its 22nd largest position. Eads & Heald Wealth Management’s holdings in Fiserv were worth $2,505,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the period. Abound Financial LLC acquired a new position in shares of Fiserv in the first quarter worth approximately $38,000. Christopher J. Hasenberg Inc lifted its stake in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after acquiring an additional 142 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 136 shares during the last quarter. Finally, Saudi Central Bank acquired a new stake in Fiserv during the 1st quarter valued at approximately $49,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.4%

FI stock opened at $127.56 on Monday. The stock’s 50 day simple moving average is $134.59 and its 200 day simple moving average is $164.90. The company has a market cap of $69.34 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 0.83 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. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. 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. On average, research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stephens reduced their price objective on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Robert W. Baird cut their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. Morgan Stanley decreased their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Jefferies Financial Group dropped their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research note on Thursday, July 17th. They set a “buy” rating and a $200.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv 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.