Fiserv, Inc. $FI Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 7.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,439 shares of the business services provider’s stock after selling 924 shares during the period. V Square Quantitative Management LLC’s holdings in Fiserv were worth $1,972,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Sowell Financial Services LLC raised its position in shares of Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after acquiring an additional 314 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock worth $16,490,000 after acquiring an additional 3,809 shares in the last quarter. Jacobs & Co. CA raised its position in shares of Fiserv by 26.5% during the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock worth $9,308,000 after acquiring an additional 11,322 shares in the last quarter. Westend Capital Management LLC raised its position in shares of Fiserv by 78,332.0% during the 2nd quarter. Westend Capital Management LLC now owns 19,608 shares of the business services provider’s stock worth $3,381,000 after acquiring an additional 19,583 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Fiserv by 1.5% during the 1st quarter. Swedbank AB now owns 340,946 shares of the business services provider’s stock worth $75,291,000 after acquiring an additional 5,104 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group cut their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research note on Thursday, July 17th. They set a “buy” rating and a $200.00 price target on the stock. Robert W. Baird dropped their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Stephens dropped their price target on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. dropped their price target 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $207.36.

Fiserv Trading Up 0.7%

Shares of FI stock opened at $129.55 on Monday. The business’s 50 day moving average is $136.95 and its two-hundred day moving average is $168.07. Fiserv, Inc. has a twelve month low of $128.08 and a twelve month high of $238.59. The company has a market capitalization of $70.42 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. 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 announced 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. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period last year, the business posted $2.13 EPS. The company’s revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current 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.