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

Fiserv (NYSE:FI) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other brokerages have also recently issued reports on FI. JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Truist Financial increased their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Mizuho reduced their price objective on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, July 29th. Robert W. Baird reduced their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Finally, Jefferies Financial Group reduced their price objective on shares of Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a research note on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.36.

Fiserv Trading Down 0.9%

Shares of NYSE FI opened at $134.96 on Friday. The firm’s 50 day moving average price is $148.21 and its 200-day moving average price is $178.13. The company has a market cap of $73.36 billion, a PE ratio of 22.53, a P/E/G ratio of 0.88 and a beta of 0.94. Fiserv has a 52-week low of $128.22 and a 52-week high of $238.59. 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 (NYSE:FI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, equities research analysts expect that Fiserv will post 10.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently bought and sold shares of the business. Vega Investment Solutions bought a new stake in shares of Fiserv in the 4th quarter worth about $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv in the 4th quarter worth about $28,000. Activest Wealth Management lifted its holdings in shares of Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Fiserv in the 2nd quarter worth about $34,000. Finally, Clear Street LLC bought a new stake in shares of Fiserv in the 2nd quarter worth about $34,000. Institutional investors own 90.98% of the company’s stock.

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.