Weiss Ratings Reaffirms Hold (C) Rating for Fiserv (NYSE:FI)

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Fiserv (NYSE:FI), indicating cautious investor sentiment amid fluctuating stock performances.
• Analyst target prices for Fiserv have been lowered by firms such as KeyCorp, UBS Group, and Stephens, with current targets ranging from $170 to $200.
• The company's recent earnings report showed an EPS of $2.47, surpassing estimates, with revenue rising by 8.0% year-over-year, reflecting solid operational performance.

Fiserv (NYSE:FI - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

FI has been the topic of a number of other research reports. KeyCorp decreased their target price 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. UBS Group decreased their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Morgan Stanley decreased their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Truist Financial upped their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Stephens decreased their target price 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, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $205.96.

Fiserv Stock Performance

NYSE FI opened at $126.51 on Wednesday. The company's 50 day moving average is $133.69 and its 200-day moving average is $163.73. Fiserv has a 12-month low of $124.89 and a 12-month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market cap of $68.77 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95.

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

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently made changes to their positions in FI. Nuveen LLC purchased a new stake in shares of Fiserv in the 1st quarter valued at $1,722,584,000. Norges Bank purchased a new stake in shares of Fiserv in the 2nd quarter valued at $1,252,260,000. JPMorgan Chase & Co. boosted its stake in shares of Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Fiserv in the 2nd quarter valued at $356,643,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock valued at $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Hedge funds and other institutional investors 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.

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