NBT Bank N A NY Trims Stock Position in Fiserv, Inc. $FI

NBT Bank N A NY cut its position in shares of Fiserv, Inc. (NYSE:FI) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,068 shares of the business services provider’s stock after selling 216 shares during the period. NBT Bank N A NY’s holdings in Fiserv were worth $1,391,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FI. Brighton Jones LLC raised its stake in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC raised its stake in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the period. Wedge Capital Management L L P NC raised its stake in Fiserv by 11.6% during the first quarter. Wedge Capital Management L L P NC now owns 1,106 shares of the business services provider’s stock worth $244,000 after purchasing an additional 115 shares during the period. Portside Wealth Group LLC raised its stake in Fiserv by 7.7% during the first quarter. Portside Wealth Group LLC now owns 1,735 shares of the business services provider’s stock worth $383,000 after purchasing an additional 124 shares during the period. Finally, Daymark Wealth Partners LLC raised its stake in Fiserv by 26.9% during the first quarter. Daymark Wealth Partners LLC now owns 2,007 shares of the business services provider’s stock worth $443,000 after purchasing an additional 426 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FI shares. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Fiserv in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Stephens reduced their price target 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. Finally, Wall Street Zen raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Price Performance

Shares of FI opened at $126.51 on Thursday. Fiserv, Inc. has a fifty-two week low of $124.89 and a fifty-two week high of $238.59. The firm’s 50 day moving average price is $133.69 and its 200 day moving average price is $163.73. The company has a market cap of $68.77 billion, a P/E ratio of 21.12, a PEG 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 (NYSE:FI) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the prior year, the firm earned $2.13 EPS. The firm’s revenue for the quarter 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 forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

About Fiserv

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.