Jefferies Financial Group Cuts Fiserv (NYSE:FI) Price Target to $130.00

Key Points

• Jefferies Financial Group has reduced the price target for **Fiserv** from **$140.00** to **$130.00**, maintaining a **hold** rating on the stock.
• Despite the downgrade, Fiserv's potential upside from its previous close is **0.68%**, with an average rating of **"Moderate Buy"** among analysts.
• Fiserv's shares have a current price of **$129.12**, with significant volatility noted in its 52-week range of **$128.08** to **$238.59**.

Fiserv (NYSE:FI - Get Free Report) had its target price reduced by research analysts at Jefferies Financial Group from $140.00 to $130.00 in a research note issued on Monday,MarketScreener reports. The brokerage presently has a "hold" rating on the business services provider's stock. Jefferies Financial Group's target price suggests a potential upside of 0.68% from the company's previous close.

Several other research firms also recently weighed in on FI. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. Truist Financial boosted their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. 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 report on Thursday, July 24th. Mizuho dropped their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. Finally, Stephens dropped their price objective on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock 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, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $205.96.

Fiserv Stock Down 0.3%

Shares of Fiserv stock opened at $129.12 on Monday. The firm's 50 day moving average price is $136.95 and its 200-day moving average price is $168.07. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv has a 52-week low of $128.08 and a 52-week high of $238.59. The company has a market cap of $70.19 billion, a P/E ratio of 21.55, a PEG ratio of 0.84 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 EPS. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, sell-side analysts predict that Fiserv will post 10.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiserv

Large investors have recently made changes to their positions in the company. Nuveen LLC acquired a new position in Fiserv during the first quarter worth $1,722,584,000. Norges Bank acquired a new position in Fiserv during the second quarter worth $1,252,260,000. JPMorgan Chase & Co. raised its position in Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Marshall Wace LLP purchased a new stake in shares of Fiserv during the second quarter worth $356,643,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Fiserv by 939.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock worth $351,550,000 after buying an additional 1,842,784 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.

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