Fiserv, Inc. (NYSE:FI) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Fiserv, Inc. has received a consensus recommendation of "Moderate Buy" from 25 analysts, with one sell, two hold, 21 buy, and one strong buy rating.
• Despite a recent 1.6% decrease in stock value, Fiserv reported strong earnings of $2.47 EPS, surpassing estimates and marking an 8% revenue increase year-over-year.
• Institutional investors hold 90.98% of Fiserv’s stock, with significant recent activity in positions from various hedge funds.

Fiserv, Inc. (NYSE:FI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-five analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $207.36.

FI has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Truist Financial upped their target price on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen raised Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Deutsche Bank Aktiengesellschaft started coverage on Fiserv in a report on Thursday, July 17th. They set a "buy" rating and a $200.00 price target for the company. Finally, KeyCorp dropped their price target on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday, July 24th.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently made changes to their positions in FI. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% during 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 during the last quarter. Park Square Financial Group LLC bought a new position in Fiserv in the 4th quarter valued at approximately $28,000. Abound Financial LLC bought a new position in Fiserv in the 1st quarter valued at approximately $38,000. Hager Investment Management Services LLC bought a new position in Fiserv in the 2nd quarter valued at approximately $34,000. Finally, Clear Street LLC bought a new stake in Fiserv during the 2nd quarter worth approximately $34,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Down 1.6%

Shares of Fiserv stock opened at $128.49 on Friday. 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 business's 50 day simple moving average is $137.68 and its 200-day simple moving average is $169.24. The stock has a market capitalization of $69.84 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 0.85 and a beta of 0.94. Fiserv has a twelve month low of $128.08 and a twelve month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its 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 return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. During the same quarter in the previous year, the company earned $2.13 earnings per share. The firm's quarterly 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. Equities research analysts forecast that Fiserv will post 10.23 earnings per share for the current year.

Fiserv Company 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.

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