Venturi Wealth Management LLC Buys 4,339 Shares of Fiserv, Inc. $FI

Venturi Wealth Management LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 6.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 74,256 shares of the business services provider’s stock after acquiring an additional 4,339 shares during the period. Venturi Wealth Management LLC’s holdings in Fiserv were worth $12,802,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management boosted its position in shares of Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. boosted its position in shares of Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. Abound Financial LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $38,000. Finally, Saudi Central Bank bought a new stake in shares of Fiserv in the 1st quarter worth approximately $49,000. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. KeyCorp dropped their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Barclays set a $175.00 target price on shares of Fiserv and gave the stock an “overweight” rating in a research note on Monday, July 28th. One research 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 given a Sell rating to the stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $205.96.

Fiserv Stock Up 1.3%

Shares of Fiserv stock opened at $126.63 on Wednesday. The company has a market cap of $68.84 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. The company’s 50 day moving average is $133.98 and its 200 day moving average is $163.99. Fiserv, Inc. has a twelve month low of $124.89 and a twelve month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current 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.