Fiserv (NYSE:FI) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Fiserv (NYSE:FI) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Several other brokerages have also commented on FI. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a report on Wednesday. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Jefferies Financial Group decreased their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a report on Monday, September 29th. Robert W. Baird reduced their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Finally, Mizuho reduced their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $204.46.

Fiserv Stock Performance

Shares of FI opened at $122.85 on Friday. Fiserv has a 12 month low of $122.62 and a 12 month high of $238.59. The stock has a fifty day moving average price of $133.18 and a 200-day moving average price of $161.97. 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 firm has a market cap of $66.78 billion, a PE ratio of 20.51, a P/E/G ratio of 0.80 and a beta of 0.95.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $4.32 billion during the quarter. Equities research analysts predict that Fiserv will post 10.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sowell Financial Services LLC grew its position in Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after purchasing an additional 314 shares during the period. Kathmere Capital Management LLC grew its position in Fiserv by 7.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after purchasing an additional 106 shares during the period. Gotham Asset Management LLC grew its position in Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock worth $16,490,000 after purchasing an additional 3,809 shares during the period. Deltec Asset Management LLC acquired a new stake in Fiserv during the 2nd quarter worth about $1,034,000. Finally, Jacobs & Co. CA grew its position in Fiserv by 26.5% during the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock worth $9,308,000 after purchasing an additional 11,322 shares during the period. 90.98% of the stock is 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.