Avior Wealth Management LLC Cuts Stock Position in Fiserv, Inc. $FI

Avior Wealth Management LLC cut its holdings in Fiserv, Inc. (NYSE:FI) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,317 shares of the business services provider’s stock after selling 411 shares during the quarter. Avior Wealth Management LLC’s holdings in Fiserv were worth $4,365,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FI. Hengehold Capital Management LLC grew its holdings in Fiserv by 3.4% in the 2nd quarter. Hengehold Capital Management LLC now owns 6,697 shares of the business services provider’s stock valued at $1,155,000 after buying an additional 221 shares in the last quarter. Western Financial Corp CA grew its holdings in Fiserv by 13.5% in the 2nd quarter. Western Financial Corp CA now owns 3,868 shares of the business services provider’s stock valued at $667,000 after buying an additional 459 shares in the last quarter. Spirepoint Private Client LLC purchased a new stake in Fiserv in the 2nd quarter valued at $2,229,000. Signaturefd LLC grew its holdings in Fiserv by 1.5% in the 2nd quarter. Signaturefd LLC now owns 13,406 shares of the business services provider’s stock valued at $2,311,000 after buying an additional 198 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in Fiserv by 378.7% in the 2nd quarter. ORG Partners LLC now owns 426 shares of the business services provider’s stock valued at $74,000 after buying an additional 337 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on FI shares. JPMorgan Chase & Co. dropped their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Truist Financial upped their target price on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Barclays set a $175.00 target price on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. UBS Group lowered 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. Finally, KeyCorp lowered their price target on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. One 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. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.36.

Fiserv Price Performance

Shares of NYSE FI opened at $129.55 on Friday. The stock’s 50-day moving average is $136.95 and its two-hundred day moving average is $168.36. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 1-year low of $128.08 and a 1-year high of $238.59. The company has a market cap of $70.42 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $2.13 EPS. Fiserv’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. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.