Baxter Bros Inc. Buys 2,270 Shares of Fiserv, Inc. $FI

Baxter Bros Inc. raised its stake in Fiserv, Inc. (NYSE:FI) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,142 shares of the business services provider’s stock after acquiring an additional 2,270 shares during the period. Baxter Bros Inc.’s holdings in Fiserv were worth $6,231,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FI. Nuveen LLC bought a new stake in Fiserv in the first quarter valued at $1,722,584,000. JPMorgan Chase & Co. grew its position in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. grew its position in Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after acquiring an additional 1,842,784 shares during the period. Swedbank AB grew its position in Fiserv by 366.0% in the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after acquiring an additional 1,247,801 shares during the period. Finally, GQG Partners LLC acquired a new position in Fiserv in the first quarter worth $265,769,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 0.1%

Shares of FI opened at $126.51 on Thursday. 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, Inc. has a 12-month low of $124.89 and a 12-month high of $238.59. The firm has a market capitalization of $68.77 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The stock’s fifty day simple moving average is $133.69 and its 200-day simple moving average is $163.73.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) 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 quarter in the prior year, the firm posted $2.13 earnings per share. The firm’s revenue for the quarter 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 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price objective on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Mizuho reduced their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 29th. KeyCorp reduced their price objective on 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 raised Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $205.96.

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.