Sendero Wealth Management LLC Raises Stock Position in Fiserv, Inc. $FI

Sendero Wealth Management LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 18.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,161 shares of the business services provider’s stock after acquiring an additional 4,955 shares during the quarter. Sendero Wealth Management LLC’s holdings in Fiserv were worth $5,545,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Christopher J. Hasenberg Inc raised its position in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares in the last quarter. Abound Financial LLC bought a new position in shares of Fiserv during the first quarter worth $38,000. Finally, Saudi Central Bank purchased a new position in Fiserv during the first quarter valued at $49,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $127.56 on Monday. The stock has a market cap of $69.34 billion, a price-to-earnings ratio of 21.30, 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 quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $134.59 and a 200-day moving average price of $164.90. Fiserv, Inc. has a one year low of $124.89 and a one year high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. The company 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%.Fiserv’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Truist Financial boosted their target price on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. UBS Group dropped their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, July 25th. Stephens cut their price target on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Finally, Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. 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 issued a Sell rating to the company. According to MarketBeat, the stock has a consensus 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.