Fiserv, Inc. (NYSE:FI) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Fiserv, Inc. has been rated as a "Moderate Buy" by 28 rating firms, with 22 analysts issuing buy recommendations and only one issuing a strong buy.
• The average 12-month price target for Fiserv among analysts is $196.11, reflecting a decrease in price targets from various investment firms.
• The company's stock has recently opened at $124.17, with a market cap of $67.50 billion and a PE ratio of 20.73.

Shares of Fiserv, Inc. (NYSE:FI - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-eight ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, twenty-two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $196.1111.

Several equities research analysts have recently commented on FI shares. Weiss Ratings reissued a "hold (c)" rating on shares of Fiserv in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective on Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. JPMorgan Chase & Co. dropped their price objective on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. KeyCorp reduced 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. Finally, Robert W. Baird dropped their price target on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th.

Fiserv Trading Up 2.1%

Shares of NYSE FI opened at $124.17 on Tuesday. Fiserv has a 1-year low of $117.84 and a 1-year high of $238.59. The company has a 50-day moving average of $131.76 and a two-hundred day moving average of $157.58. The company has a market cap of $67.50 billion, a PE ratio of 20.73, a P/E/G ratio of 0.79 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $4.32 billion during the quarter. As a group, equities analysts expect that Fiserv will post 10.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Activest Wealth Management increased its holdings in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Abound Financial LLC acquired a new position in shares of Fiserv during the 1st quarter worth about $38,000. Hager Investment Management Services LLC bought a new stake in shares of Fiserv in the 2nd quarter valued at about $34,000. Clear Street LLC acquired a new stake in shares of Fiserv in the 2nd quarter valued at approximately $34,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after acquiring an additional 142 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

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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