Howe & Rusling Inc. Boosts Stock Position in Fiserv, Inc. $FI

Howe & Rusling Inc. grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,024 shares of the business services provider’s stock after buying an additional 1,690 shares during the period. Howe & Rusling Inc.’s holdings in Fiserv were worth $9,501,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Rappaport Reiches Capital Management LLC lifted its holdings in Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock worth $282,000 after purchasing an additional 48 shares in the last quarter. Adero Partners LLC lifted its holdings in Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after purchasing an additional 55 shares in the last quarter. E Fund Management Co. Ltd. lifted its holdings in Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after purchasing an additional 55 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after purchasing an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after purchasing an additional 56 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FI shares. The Goldman Sachs Group lowered their price target on Fiserv from $223.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Barclays set a $175.00 price target on Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group lowered their price target on Fiserv from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. Mizuho reduced their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $207.36.

Fiserv Stock Performance

NYSE FI opened at $135.47 on Friday. The company has a market cap of $73.64 billion, a P/E ratio of 22.62, a P/E/G ratio of 0.86 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50 day moving average price is $145.13 and its 200-day moving average price is $175.80. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion for 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 company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.