Fiserv (NYSE:FI) Upgraded to Buy at Wall Street Zen

Key Points

• Fiserv (NYSE:FI) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting a positive outlook from analysts.
• The company reported $2.47 EPS in its latest quarter, exceeding analysts' expectations of $2.43 and marking an 8% increase in revenue year-over-year.
• Institutional investors own approximately 90.98% of Fiserv's stock, indicating strong institutional confidence in the company's future performance.

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

A number of other equities research analysts have also recently weighed in on the company. Piper Sandler set a $218.00 price target on Fiserv in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Keefe, Bruyette & Woods cut their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. The Goldman Sachs Group cut their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Finally, UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Fiserv Stock Performance

NYSE FI traded up $0.22 during trading hours on Friday, reaching $138.10. The company's stock had a trading volume of 1,911,548 shares, compared to its average volume of 4,444,138. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The business has a 50-day simple moving average of $153.14 and a 200 day simple moving average of $183.38. Fiserv has a 52 week low of $128.22 and a 52 week high of $238.59. The stock has a market cap of $75.07 billion, a PE ratio of 23.05, a PEG ratio of 0.89 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The firm had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Fiserv's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities research analysts predict that Fiserv will post 10.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vega Investment Solutions acquired a new position in Fiserv in the fourth quarter worth approximately $25,000. Park Square Financial Group LLC acquired a new position in Fiserv in the fourth quarter worth approximately $28,000. Activest Wealth Management grew its position in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after buying an additional 126 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Fiserv in the second quarter worth approximately $34,000. Finally, Clear Street LLC acquired a new position in Fiserv in the second quarter worth approximately $34,000. Institutional investors and hedge funds 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.