Fiserv (NYSE:FI) Stock Rating Lowered by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft downgraded Fiserv's stock rating from "buy" to "hold," indicating a shift in analysts' sentiment towards the company's performance.
• Other analysts also reflected a cautious outlook, with KeyCorp lowering its price target from $250 to $200 and Mizuho adjusting their target from $194 to $165.
• Fiserv's stock has seen a decline of 2.6%, with a current price of $120.83, significantly below its 12-month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report released on Thursday,Finviz reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fiserv in a report on Wednesday, October 8th. KeyCorp reduced their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Mizuho reduced their price objective on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Wall Street Zen downgraded Fiserv from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Finally, Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $202.73.

Fiserv Stock Down 2.6%

FI opened at $120.83 on Thursday. 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 business has a 50 day simple moving average of $132.44 and a 200-day simple moving average of $160.38. The stock has a market capitalization of $65.68 billion, a P/E ratio of 20.17, a P/E/G ratio of 0.81 and a beta of 0.95. Fiserv has a 12 month low of $120.79 and a 12 month high of $238.59.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC increased its stake in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC increased its stake in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock valued at $472,000 after purchasing an additional 116 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Fiserv during the 1st quarter valued at about $712,000. Kingswood Wealth Advisors LLC increased its stake in Fiserv by 83.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 10,480 shares of the business services provider's stock valued at $2,324,000 after purchasing an additional 4,767 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its stake in Fiserv by 77.1% during the 1st quarter. CWA Asset Management Group LLC now owns 8,837 shares of the business services provider's stock valued at $1,952,000 after purchasing an additional 3,848 shares in the last quarter. 90.98% of the stock is currently owned by 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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