Fiserv, Inc. $FI Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,900 shares of the business services provider’s stock after selling 265 shares during the quarter. Court Place Advisors LLC’s holdings in Fiserv were worth $1,190,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after acquiring an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock worth $1,829,451,000 after acquiring an additional 253,544 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Fiserv during the first quarter worth about $1,722,584,000. Finally, Alliancebernstein L.P. increased its position in shares of Fiserv by 5.3% during the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after acquiring an additional 287,420 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Down 0.5%

NYSE:FI opened at $125.92 on Friday. The firm has a market capitalization of $68.45 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The stock has a 50 day moving average of $133.43 and a 200-day moving average of $163.07. Fiserv, Inc. has a 52 week low of $124.89 and a 52 week high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

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. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on FI shares. Morgan Stanley lowered their price objective on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Robert W. Baird lowered their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Fiserv in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Finally, KeyCorp lowered their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fiserv presently has an average 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.