Accurate Wealth Management LLC Buys 167 Shares of Fiserv, Inc. $FI

Accurate Wealth Management LLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 12.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,505 shares of the business services provider’s stock after acquiring an additional 167 shares during the quarter. Accurate Wealth Management LLC’s holdings in Fiserv were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FI. CCM Investment Advisers LLC grew its holdings in shares of Fiserv by 4.7% in the second quarter. CCM Investment Advisers LLC now owns 71,058 shares of the business services provider’s stock worth $12,251,000 after acquiring an additional 3,196 shares during the period. Oregon Pacific Wealth Management LLC boosted its position in Fiserv by 23.2% in the second quarter. Oregon Pacific Wealth Management LLC now owns 1,396 shares of the business services provider’s stock worth $241,000 after purchasing an additional 263 shares during the last quarter. Lederer & Associates Investment Counsel CA grew its stake in shares of Fiserv by 22.4% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 9,512 shares of the business services provider’s stock valued at $1,640,000 after purchasing an additional 1,743 shares during the period. Salvus Wealth Management LLC grew its stake in shares of Fiserv by 31.4% during the 2nd quarter. Salvus Wealth Management LLC now owns 24,282 shares of the business services provider’s stock valued at $4,186,000 after purchasing an additional 5,798 shares during the period. Finally, LaFleur & Godfrey LLC increased its position in shares of Fiserv by 3.9% during the 2nd quarter. LaFleur & Godfrey LLC now owns 21,028 shares of the business services provider’s stock valued at $3,625,000 after purchasing an additional 789 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 1.6%

Shares of Fiserv stock opened at $128.49 on Friday. Fiserv, Inc. has a fifty-two week low of $128.08 and a fifty-two week 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 company has a market capitalization of $69.84 billion, a P/E ratio of 21.45, a P/E/G ratio of 0.85 and a beta of 0.94. The company has a fifty day moving average of $137.68 and a 200 day moving average of $169.24.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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. The business 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 business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Susquehanna cut their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research report on Thursday, July 24th. Tigress Financial lifted their price target on shares of Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. KeyCorp reduced their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. UBS Group lowered 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. Finally, Truist Financial boosted their price target on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $207.36.

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.