Fiserv, Inc. $FI Shares Sold by Abacus Planning Group Inc.

Abacus Planning Group Inc. reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,420 shares of the business services provider’s stock after selling 146 shares during the quarter. Abacus Planning Group Inc.’s holdings in Fiserv were worth $1,452,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FI. Rappaport Reiches Capital Management LLC increased its position in Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock worth $282,000 after purchasing an additional 48 shares in the last quarter. Adero Partners LLC boosted its stake in shares of Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after purchasing an additional 55 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in shares of Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after buying an additional 55 shares in the last quarter. Oakworth Capital Inc. grew its holdings in shares of Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after buying an additional 56 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

FI stock opened at $125.63 on Friday. The company has a market cap of $68.29 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $134.88 and a two-hundred day moving average price of $166.29. Fiserv, Inc. has a 12-month low of $124.89 and a 12-month high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share 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 business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same period in the previous year, the company posted $2.13 EPS. The company’s 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, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the topic of a number of analyst reports. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Susquehanna decreased their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. Robert W. Baird dropped their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Jefferies Financial Group decreased their price target on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Barclays set a $175.00 price target on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.