Fiserv, Inc. $FI Stock Holdings Lessened by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 8.4% in the second quarter, Holdings Channel.com reports. The fund owned 3,260 shares of the business services provider’s stock after selling 300 shares during the quarter. Chung Wu Investment Group LLC’s holdings in Fiserv were worth $562,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Hunter Perkins Capital Management LLC raised its position in shares of Fiserv by 7.4% during the second quarter. Hunter Perkins Capital Management LLC now owns 78,068 shares of the business services provider’s stock worth $13,460,000 after purchasing an additional 5,383 shares during the period. Sendero Wealth Management LLC increased its stake in Fiserv by 18.2% in the 2nd quarter. Sendero Wealth Management LLC now owns 32,161 shares of the business services provider’s stock worth $5,545,000 after purchasing an additional 4,955 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in Fiserv by 1,009.2% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 31,569 shares of the business services provider’s stock worth $5,443,000 after buying an additional 28,723 shares during the period. Marks Group Wealth Management Inc lifted its stake in Fiserv by 16.2% during the second quarter. Marks Group Wealth Management Inc now owns 49,941 shares of the business services provider’s stock valued at $8,610,000 after buying an additional 6,957 shares in the last quarter. Finally, Running Oak Capital LLC lifted its stake in Fiserv by 27.3% during the second quarter. Running Oak Capital LLC now owns 93,545 shares of the business services provider’s stock valued at $16,128,000 after buying an additional 20,044 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, September 29th. Morgan Stanley lowered their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. UBS Group reduced their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. JPMorgan Chase & Co. decreased their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Finally, Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.96.

Fiserv Price Performance

Shares of FI opened at $127.56 on Monday. 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 firm has a market cap of $69.34 billion, a PE ratio of 21.30, a PEG ratio of 0.83 and a beta of 0.95. The firm’s 50 day moving average price is $134.59 and its 200 day moving average price is $164.90. Fiserv, Inc. has a twelve month low of $124.89 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the prior year, the business posted $2.13 EPS. Fiserv’s quarterly revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

About Fiserv

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.