Fiserv (NYSE:FI) Sets New 12-Month Low - Should You Sell?

Key Points

• Fiserv shares reached a new 52-week low at $123.91, indicating potential volatility in the stock's performance.
• Analysts have varying ratings on Fiserv, with 21 giving a Buy rating and one a Sell rating; the consensus rating stands at "Moderate Buy".
• Recent institutional trading shows hedge funds increasing their stakes in Fiserv, as 90.98% of the stock is owned by institutional investors.

Fiserv, Inc. (NYSE:FI - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as $123.91 and last traded at $124.54, with a volume of 793482 shares traded. The stock had previously closed at $125.96.

Analyst Upgrades and Downgrades

FI has been the topic of several recent research reports. Jefferies Financial Group decreased their price target 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. Truist Financial lifted their price target on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a research note on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective for the company. Wall Street Zen raised shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Finally, Susquehanna decreased their price objective on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $204.46.

Fiserv Stock Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $67.23 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The firm's 50 day moving average is $133.43 and its 200 day moving average is $163.07.

Fiserv (NYSE:FI - Get Free Report) last issued 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 net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $4.32 billion for the quarter. Analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Institutional Trading of Fiserv

Hedge funds have recently added to or reduced their stakes in the company. Sowell Financial Services LLC boosted its holdings in Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock worth $610,000 after buying an additional 314 shares in the last quarter. Kathmere Capital Management LLC raised its position in Fiserv by 7.7% during the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider's stock worth $257,000 after acquiring an additional 106 shares during the period. Gotham Asset Management LLC raised its position in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after acquiring an additional 3,809 shares during the period. Deltec Asset Management LLC acquired a new position in Fiserv during the second quarter worth $1,034,000. Finally, Jacobs & Co. CA raised its position in Fiserv by 26.5% during the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock worth $9,308,000 after acquiring an additional 11,322 shares during the period. 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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