Baxter Bros Inc. Has $6.23 Million Stake in Fiserv, Inc. $FI

Baxter Bros Inc. raised its stake in Fiserv, Inc. (NYSE:FI) by 6.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 36,142 shares of the business services provider’s stock after buying an additional 2,270 shares during the period. Baxter Bros Inc.’s holdings in Fiserv were worth $6,231,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FI. Activest Wealth Management lifted its stake in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Fiserv in the second quarter worth about $34,000. Christopher J. Hasenberg Inc increased its holdings in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after acquiring an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. increased 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 acquiring an additional 136 shares in the last quarter. Finally, Abound Financial LLC bought a new stake in shares of Fiserv in the first quarter worth about $38,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Down 0.1%

NYSE:FI opened at $126.51 on Thursday. 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 company has a market cap of $68.77 billion, a PE ratio of 21.12, a PEG ratio of 0.83 and a beta of 0.95. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. The stock has a 50-day simple moving average of $133.69 and a 200 day simple moving average of $163.73.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS 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 firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.20 billion. During the same period in the prior year, the firm posted $2.13 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

FI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a report on Wednesday. Mizuho lowered their price target on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. Susquehanna decreased their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.