Wedmont Private Capital Reduces Stock Holdings in Fiserv, Inc. $FI

Wedmont Private Capital reduced its stake in Fiserv, Inc. (NYSE:FI) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,450 shares of the business services provider’s stock after selling 439 shares during the period. Wedmont Private Capital’s holdings in Fiserv were worth $1,103,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FI. Vega Investment Solutions acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $28,000. Activest Wealth Management boosted its holdings in shares of 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 acquiring an additional 126 shares during the period. Christopher J. Hasenberg Inc boosted 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 valued at $36,000 after acquiring an additional 142 shares during the period. Finally, Abound Financial LLC acquired a new stake in shares of Fiserv in the first quarter valued at approximately $38,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

Fiserv stock opened at $132.83 on Friday. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. 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 has a fifty day moving average of $141.26 and a two-hundred day moving average of $172.35. The company has a market cap of $72.21 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter last year, the company earned $2.13 earnings per share. Fiserv’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. As a group, analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Truist Financial increased their price objective on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Stephens decreased 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. Tigress Financial increased their price target on Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Finally, UBS Group decreased their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $207.36.

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.