Fiserv (NYSE:FI) Price Target Lowered to $177.00 at TD Cowen

Key Points

• TD Cowen has lowered its price target for Fiserv from $188.00 to $177.00, maintaining a "buy" rating, indicating a potential upside of 45.35% from the current stock price.
• Other analysts have also reduced their price targets for Fiserv, with estimates now ranging from $122.00 to $200.00, reflecting a general trend of declining expectations for the company's stock.
• Fiserv's current stock price is around $121.78, with a market capitalization of $66.20 billion and a twelve-month low of $117.84.

Fiserv (NYSE:FI - Get Free Report) had its price objective dropped by equities research analysts at TD Cowen from $188.00 to $177.00 in a report issued on Friday,MarketScreener reports. The firm currently has a "buy" rating on the business services provider's stock. TD Cowen's target price points to a potential upside of 45.35% from the stock's current price.

Several other equities analysts have also weighed in on FI. Jefferies Financial Group decreased their target price 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. The Goldman Sachs Group decreased their price objective on shares of Fiserv from $192.00 to $149.00 and set a "buy" rating on the stock in a report on Monday, October 13th. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. KeyCorp dropped their price objective 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, Deutsche Bank Aktiengesellschaft set a $122.00 price objective on shares of Fiserv in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.11.

Fiserv Stock Performance

FI opened at $121.78 on Friday. The firm has a market capitalization of $66.20 billion, a PE ratio of 20.33, a PEG ratio of 0.77 and a beta of 0.95. Fiserv has a twelve month low of $117.84 and a twelve month high of $238.59. The firm's 50-day moving average price is $131.92 and its 200 day moving average price is $158.98. 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 posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The company had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. As a group, sell-side analysts expect that Fiserv will post 10.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FI. 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 worth $29,000 after purchasing an additional 126 shares during the period. Abound Financial LLC acquired a new stake in shares of Fiserv in the 1st quarter worth $38,000. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the 2nd quarter worth $34,000. Clear Street LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at about $34,000. Finally, Christopher J. Hasenberg Inc increased its holdings in shares of Fiserv by 218.5% in 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 in 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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