Fiserv, Inc. (NYSE:FI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Fiserv, Inc. (NYSE:FI) have received a consensus recommendation of “Moderate Buy” from the twenty-eight brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nineteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $181.8889.

Several research analysts have issued reports on the company. Robert W. Baird cut their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Truist Financial set a $143.00 price objective on Fiserv and gave the stock a “buy” rating in a research note on Friday. Susquehanna lowered their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th. KeyCorp reissued an “overweight” rating and issued a $145.00 price objective on shares of Fiserv in a research note on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on Fiserv from $192.00 to $149.00 and set a “buy” rating for the company in a research note on Monday, October 13th.

Fiserv Stock Up 0.9%

Shares of NYSE:FI opened at $125.12 on Tuesday. The business’s 50 day simple moving average is $131.01 and its two-hundred day simple moving average is $155.88. The firm has a market cap of $68.01 billion, a P/E ratio of 20.89, a PEG ratio of 0.83 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv has a 52-week low of $117.84 and a 52-week high of $238.59.

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

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after acquiring an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after acquiring an additional 253,544 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Fiserv during the first quarter valued at approximately $1,722,584,000. Finally, Norges Bank purchased a new stake in shares of Fiserv during the second quarter valued at approximately $1,252,260,000. 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.