Fiserv (NYSE:FI) Cut to "Hold" at Wall Street Zen

Key Points

• Fiserv has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, indicating a more cautious outlook on the stock.
• Multiple research firms have adjusted their target prices for Fiserv, with estimates ranging from $130 to $266, reflecting mixed sentiments among analysts.
• The company's stock is currently trading down 2.5%, with a market cap of approximately $66.78 billion and a P/E ratio of 20.51.

Fiserv (NYSE:FI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other research firms also recently issued reports on FI. Morgan Stanley dropped their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Stephens dropped their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Barclays set a $175.00 target price on shares of Fiserv and gave the company an "overweight" rating in a research report on Monday, July 28th. 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 report on Thursday, July 24th. Finally, Jefferies Financial Group lowered their price objective on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating on the stock in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $204.46.

Fiserv Trading Down 2.5%

NYSE:FI opened at $122.85 on Friday. 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 has a 52 week low of $122.62 and a 52 week high of $238.59. The firm's fifty day moving average is $133.18 and its 200-day moving average is $162.38. The firm has a market cap of $66.78 billion, a P/E ratio of 20.51, a P/E/G ratio of 0.82 and a beta of 0.95.

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

Institutional Trading of Fiserv

Institutional investors and hedge funds have recently made changes to their positions in the company. Activest Wealth Management raised its holdings in shares of 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 purchased a new stake in shares of Fiserv in the first quarter valued at about $38,000. Hager Investment Management Services LLC purchased a new stake in shares of Fiserv in the second quarter valued at about $34,000. Clear Street LLC purchased a new stake in shares of Fiserv in the second quarter valued at about $34,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

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.

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