Notis McConarty Edward Sells 683 Shares of Fiserv, Inc. $FI

Notis McConarty Edward lowered its stake in Fiserv, Inc. (NYSE:FI) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,655 shares of the business services provider’s stock after selling 683 shares during the period. Fiserv makes up 3.0% of Notis McConarty Edward’s holdings, making the stock its 12th biggest holding. Notis McConarty Edward’s holdings in Fiserv were worth $6,147,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FI. Rappaport Reiches Capital Management LLC grew its holdings in Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock worth $282,000 after buying an additional 48 shares in the last quarter. Adero Partners LLC grew its holdings in Fiserv by 2.3% during the first quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after buying an additional 55 shares in the last quarter. E Fund Management Co. Ltd. grew its holdings in Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after buying an additional 55 shares in the last quarter. Oakworth Capital Inc. grew its holdings in Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after buying an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after buying an additional 56 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.1%

Shares of NYSE:FI opened at $126.51 on Thursday. The company has a market capitalization of $68.77 billion, a PE ratio of 21.12, 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 current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average price of $133.69 and a two-hundred day moving average price of $163.73. Fiserv, Inc. has a 1 year low of $124.89 and a 1 year high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $2.13 EPS. The business’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. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays set a $175.00 price target on Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a report on Thursday, July 17th. They set a “buy” rating and a $200.00 price target for the company. Robert W. Baird decreased their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Jefferies Financial Group decreased their price target on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a report on Monday, September 29th. Finally, KeyCorp reduced their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.