Valley National Advisers Inc. Cuts Stock Position in Fiserv, Inc. $FI

Valley National Advisers Inc. trimmed its position in Fiserv, Inc. (NYSE:FI) by 46.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225 shares of the business services provider’s stock after selling 199 shares during the period. Valley National Advisers Inc.’s holdings in Fiserv were worth $38,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FI. Vanguard Group Inc. boosted its holdings in shares of Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after acquiring an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 worth $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Fiserv by 3.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after purchasing an additional 253,544 shares during the period. Nuveen LLC purchased a new stake in Fiserv in the 1st quarter valued at approximately $1,722,584,000. Finally, Alliancebernstein L.P. increased its position in Fiserv by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after purchasing an additional 287,420 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of several recent analyst reports. UBS Group reduced their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Morgan Stanley reduced their target price 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 decreased their target price on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price target for the company. Finally, KeyCorp decreased their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. One research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.96.

Fiserv Stock Performance

NYSE:FI opened at $125.08 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $67.99 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The firm has a 50-day moving average price of $134.29 and a two-hundred day moving average price of $164.25. Fiserv, Inc. has a twelve month low of $124.89 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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. 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 period in the previous year, the firm posted $2.13 EPS. The company’s quarterly 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. As a group, research analysts expect 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.