Fiserv (NYSE:FI) Now Covered by Analysts at Citigroup

Key Points

• Citigroup has initiated coverage on Fiserv (NYSE:FI) with a "neutral" rating and a price target of $128.00, indicating a potential upside of 2.15% from the current stock price.
• Multiple analysts have varying ratings, with KeyCorp giving an "overweight" rating and a target of $145.00, while Wall Street Zen downgraded Fiserv from "buy" to "hold".
• Fiserv's average rating is currently a "Moderate Buy" with an average target price of $184.74, reflecting differing opinions among analysts about the company's potential.

Stock analysts at Citigroup started coverage on shares of Fiserv (NYSE:FI - Get Free Report) in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage set a "neutral" rating and a $128.00 price target on the business services provider's stock. Citigroup's price target suggests a potential upside of 2.15% from the stock's current price.

Other research analysts have also issued research reports about the company. KeyCorp reissued an "overweight" rating and issued a $145.00 target price on shares of Fiserv in a research report on Wednesday. Wall Street Zen lowered Fiserv from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. TD Cowen decreased their target price on Fiserv from $188.00 to $177.00 and set a "buy" rating for the company in a research report on Friday, October 17th. The Goldman Sachs Group decreased their target price on Fiserv from $192.00 to $149.00 and set a "buy" rating for the company in a research report on Monday, October 13th. Finally, Wells Fargo & Company set a $130.00 target price on Fiserv and gave the stock an "equal weight" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $184.74.

Fiserv Trading Down 0.6%

FI traded down $0.76 on Wednesday, hitting $125.31. 3,952,760 shares of the company were exchanged, compared to its average volume of 4,455,954. The firm has a fifty day simple moving average of $131.63 and a two-hundred day simple moving average of $157.36. 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 12 month low of $117.84 and a 12 month high of $238.59. The stock has a market capitalization of $68.12 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

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

Institutional Trading of Fiserv

Institutional investors have recently added to or reduced their stakes in the business. Activest Wealth Management boosted its stake in Fiserv by 3,150.0% during the 1st 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 Fiserv during the 1st quarter valued at $38,000. Hager Investment Management Services LLC purchased a new stake in Fiserv during the 2nd quarter valued at $34,000. Clear Street LLC purchased a new stake in Fiserv during the 2nd quarter valued at $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 valued at $36,000 after purchasing an additional 142 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other 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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