Bruce G. Allen Investments LLC Cuts Stock Position in Fiserv, Inc. $FI

by · The Cerbat Gem

Bruce G. Allen Investments LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 50.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150 shares of the business services provider’s stock after selling 152 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Fiserv were worth $26,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FI. Nuveen LLC purchased a new stake in shares of Fiserv during the first quarter worth $1,722,584,000. JPMorgan Chase & Co. increased its holdings in Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. GAMMA Investing LLC raised its position in Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider’s stock valued at $843,991,000 after purchasing an additional 3,804,358 shares in the last quarter. GQG Partners LLC purchased a new position in shares of Fiserv in the 1st quarter valued at about $265,769,000. Finally, Pictet Asset Management Holding SA grew its position in shares of Fiserv by 29.4% during the first quarter. Pictet Asset Management Holding SA now owns 2,878,455 shares of the business services provider’s stock worth $635,308,000 after buying an additional 654,228 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FI. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a report on Thursday, July 17th. They issued a “buy” rating and a $200.00 target price on the stock. Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an “overweight” rating in a research report on Monday, July 28th. Stephens dropped their target price on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Robert W. Baird cut their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $207.36.

Check Out Our Latest Stock Analysis on FI

Fiserv Stock Performance

Shares of FI stock opened at $134.09 on Thursday. The stock’s 50-day moving average is $142.00 and its two-hundred day moving average is $173.07. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a 1 year low of $128.22 and a 1 year high of $238.59. The firm has a market cap of $72.89 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 0.86 and a beta of 0.94.

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

Fiserv Company Profile

(Free Report)

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.

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