Fiserv (NYSE:FI) Price Target Lowered to $160.00 at Stephens

Key Points

• Analysts at Stephens have lowered the price target for Fiserv (NYSE:FI) from $180.00 to $160.00, while maintaining an "overweight" rating, indicating a potential upside of 31.39%.
• Other firms like Morgan Stanley and TD Cowen have also adjusted their price targets downwards, with a consensus target price currently at $196.11 across analysts.
• Recent institutional activity shows significant investments in Fiserv, including a new stake by Nuveen LLC valued at approximately $1.72 billion, indicating strong confidence in the company from large investors.

Fiserv (NYSE:FI - Get Free Report) had its target price lowered by analysts at Stephens from $180.00 to $160.00 in a report released on Thursday,MarketScreener reports. The brokerage currently has an "overweight" rating on the business services provider's stock. Stephens' price objective indicates a potential upside of 31.39% from the company's previous close.

Several other analysts have also recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. TD Cowen lowered their target price on shares of Fiserv from $188.00 to $177.00 and set a "buy" rating on the stock in a research note on Friday. Weiss Ratings reiterated a "hold (c)" rating on shares of Fiserv in a research note on Wednesday, October 8th. Robert W. Baird lowered their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research note 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 research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $196.11.

Fiserv Trading Up 3.2%

NYSE:FI opened at $121.78 on Thursday. Fiserv has a one year low of $117.84 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day moving average of $131.92 and a 200-day moving average of $158.98. The company has a market cap of $66.20 billion, a PE ratio of 20.33, a PEG ratio of 0.77 and a beta of 0.95.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $4.32 billion during the quarter. As a group, equities research analysts expect that Fiserv will post 10.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Nuveen LLC bought a new stake in shares of Fiserv in the first quarter worth approximately $1,722,584,000. Norges Bank purchased a new position in Fiserv during the second quarter valued at approximately $1,252,260,000. JPMorgan Chase & Co. raised its stake in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Marshall Wace LLP bought a new stake in shares of Fiserv in the 2nd quarter worth about $356,643,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock worth $351,550,000 after acquiring an additional 1,842,784 shares during the last quarter. 90.98% of the stock is 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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