Fiserv (NYSE:FI) Earns Neutral Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of Fiserv (NYSE:FI) in a report published on Wednesday, MarketBeat reports. The firm issued a neutral rating and a $128.00 price target on the business services provider’s stock.

Other research analysts also recently issued reports about the stock. Truist Financial raised their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Susquehanna cut their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft set a $122.00 price target on shares of Fiserv in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.89.

Fiserv Price Performance

Shares of NYSE FI opened at $125.12 on Wednesday. The firm’s 50-day moving average price is $131.01 and its 200-day moving average price is $156.15. Fiserv has a 1-year low of $117.84 and a 1-year high of $238.59. The firm has a market capitalization of $68.01 billion, a P/E ratio of 20.89, a P/E/G ratio of 0.82 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

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

Hedge Funds Weigh In On Fiserv

A number of large investors have recently added to or reduced their stakes in FI. Brighton Jones LLC raised its position in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC raised its position in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the period. Oppenheimer & Co. Inc. raised its position in Fiserv by 6.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,319 shares of the business services provider’s stock worth $954,000 after purchasing an additional 249 shares during the period. Cornerstone Wealth Group LLC raised its position in Fiserv by 12.7% in the 1st quarter. Cornerstone Wealth Group LLC now owns 2,681 shares of the business services provider’s stock worth $592,000 after purchasing an additional 303 shares during the period. Finally, Moran Wealth Management LLC purchased a new position in shares of Fiserv in the first quarter valued at about $9,590,000. 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.